MILWAUKEE, March 12 /PRNewswire-FirstCall/ — Midwest Air Group, Inc. (AMEX:MEH) today reported February performance data for Midwest Airlines and Midwest Connect. For February, the company was among the industry leaders in load factor improvement, underscoring its commitment to sustainable growth. At the group level, a 6.8% increase in traffic outpaced a 5.0% increase in capacity, resulting in a 1.2 percentage point increase in load factor compared with February 2006. Revenue per total available seat mile increased 4.8% in the same time period.
Midwest Air Group, Inc. – Performance ReportTwo Months Ended
February February 28
2007 2006 % Change 2007 2006 % Change
Midwest Air Group
Scheduled Service
Revenue Passenger
Miles (000s) 309,151 289,497 6.8 630,139 570,871 10.4
Scheduled Service
Available Seat Miles
(000s) 429,517 409,164 5.0 909,410 854,982 6.4
Total Available Seat
Miles (000s) 432,431 416,427 3.8 916,182 872,355 5.0
Load Factor (%) 72.0% 70.8% 1.2 pts. 69.3% 66.8% 2.5 pts.
Revenue Yield
(estimate) $0.1408 $0.1381 2.0 $0.1381 $0.1376 0.4
Passenger Revenue per
Schd. Svc. ASM
(estimate) $0.1014 $0.0977 3.7 $0.0957 $0.0918 4.2
Total Revenue per
Total ASM (estimate) $0.1153 $0.1100 4.8 $0.1096 $0.1043 5.1
Number of Flights 8,380 8,406 (0.3) 17,773 17,646 0.7
Into-plane Fuel Cost
per Gallon (estimate) $2.14 $2.00 7.2 $2.08 $2.00 3.9Midwest Airlines
Operations
Origin & Destination
Passengers 265,979 252,206 5.5 543,371 498,978 8.9
Scheduled Service
Revenue Passenger
Miles (000s) 291,792 271,357 7.5 594,197 534,415 11.2
Scheduled Service
Available Seat Miles
(000s) 401,632 379,876 5.7 850,226 793,200 7.2
Total Available Seat
Miles (000s) 404,546 387,027 4.5 856,998 810,319 5.8
Load Factor (%) 72.7% 71.4% 1.2 pts. 69.9% 67.4% 2.5 pts.
Revenue Yield
(estimate) $0.1254 $0.1212 3.4 $0.1231 $0.1210 1.8
Passenger Revenue per
Schd. Svc. ASM
(estimate) $0.0911 $0.0866 5.2 $0.0861 $0.0815 5.6
Total Revenue per
Total ASM (estimate) $0.1068 $0.1009 5.9 $0.1016 $0.0958 6.1
Average Passenger Trip
Length (miles) 1,097 1,076 2.0 1,094 1,071 2.1
Number of Flights 4,328 4,013 7.8 9,187 8,380 9.6
Into-plane Fuel Cost
per Gallon (estimate) $2.14 $1.99 7.7 $2.08 $1.99 4.1Midwest Connect
Operations
Origin & Destination
Passengers 58,532 59,601 (1.8) 120,203 119,867 0.3
Scheduled Service
Revenue Passenger
Miles (000s) 17,359 18,140 (4.3) 35,942 36,456 (1.4)
Scheduled Service
Available Seat
Miles (000s) 27,885 29,288 (4.8) 59,183 61,781 (4.2)
Total Available Seat
Miles (000s) 27,885 29,401 (5.2) 59,183 62,035 (4.6)
Load Factor (%) 62.3% 61.9% 0.3 pts. 60.7% 59.0% 1.7 pts.
Revenue Yield
(estimate) $0.4002 $0.3902 2.6 $0.3861 $0.3809 1.4
Passenger Revenue per
Schd. Svc. ASM
(estimate) $0.2491 $0.2417 3.1 $0.2345 $0.2248 4.3
Total Revenue per
Total ASM (estimate) $0.2851 $0.2724 4.7 $0.2701 $0.2557 5.6
Average Passenger Trip
Length (miles) 297 304 (2.6) 299 304 (1.7)
Number of Flights 4,052 4,393 (7.8) 8,586 9,266 (7.3)Into-plane Fuel Cost
per Gallon (estimate) $2.11 $2.03 3.7 $2.08 $2.03 2.2Note: All statistics exclude charter operations except total available
seat miles, total revenue per total available seat miles and
into-plane fuel cost. Numbers may not recalculate due to rounding.
Midwest Airlines features jet service throughout the United States, including Milwaukee’s most daily nonstop flights and best schedule to major destinations. Catering primarily to business travelers and discerning leisure travelers, the airline earned its reputation as “The best care in the air” by providing passengers with impeccable service and onboard amenities at competitive fares. Skyway Airlines, Inc. — Midwest’s wholly owned subsidiary — operates as Midwest Connect and offers connections to Midwest Airlines as well as point-to-point service between select markets on regional jet and turboprop aircraft. Together the airlines offer service to 49 cities. Visit http://www.midwestairlines.com/ for more information.
