MILWAUKEE, April 11 /PRNewswire-FirstCall/ — Midwest Air Group, Inc. (AMEX:MEH) today reported March performance data for Midwest Airlines and Midwest Connect, including continuing improvement in traffic, load factor and unit revenue. At the group level, an 8.1% increase in traffic outpaced a 6.3% increase in capacity, resulting in a 1.4 percentage point increase in load factor compared with March 2006. Revenue per total available seat mile increased 4.0% in the same time period.
Midwest Air Group, Inc. – Performance ReportThree Months Ended
March March 31,
2007 2006 % Change 2007 2006 % ChangeMidwest Air Group
Scheduled Service
Revenue Passenger
Miles (000s) 403,768 373,421 8.1 1,033,906 944,291 9.5
Scheduled Service
Available Seat
Miles (000s) 494,135 464,885 6.3 1,403,545 1,319,867 6.3
Total Available
Seat Miles
(000s) 500,038 475,980 5.1 1,416,220 1,348,334 5.0
Load Factor (%) 81.7% 80.3% 1.4 pts. 73.7% 71.5% 2.2 pts.
Revenue Yield
(estimate) $0.1430 $0.1413 1.2 $0.1401 $0.1390 0.7
Passenger Revenue
per Schd. Svc.
ASM (estimate) $0.1169 $0.1135 3.0 $0.1032 $0.0995 3.7
Total Revenue
per Total
ASM (estimate) $0.1307 $0.1256 4.0 $0.1171 $0.1118 4.7
Number of Flights 9,283 9,437 (1.6) 27,056 27,083 (0.1)
Into-plane Fuel
Cost per Gallon
(estimate) $2.09 $2.05 2.1 $2.08 $2.01 3.2Midwest Airlines Operations
Origin &
Destination
Passengers 351,854 328,696 7.0 895,225 827,674 8.2
Scheduled Service
Revenue Passenger
Miles (000s) 382,108 351,621 8.7 976,305 886,035 10.2
Scheduled Service
Available Seat
Miles (000s) 463,271 432,776 7.0 1,313,498 1,225,977 7.1
Total Available
Seat Miles
(000s) 469,174 443,758 5.7 1,326,173 1,254,077 5.7
Load Factor (%) 82.5% 81.2% 1.3 pts. 74.3% 72.3% 2.0 pts.
Revenue Yield
(estimate) $0.1305 $0.1264 3.2 $0.1260 $0.1231 2.3
Passenger Revenue
per Schd. Svc.
ASM (estimate) $0.1076 $0.1027 4.8 $0.0937 $0.0890 5.3
Total Revenue
per Total
ASM (estimate) $0.1231 $0.1169 5.4 $0.1092 $0.1032 5.8
Average Passenger
Trip Length
(miles) 1,086 1,070 1.5 1,091 1,071 1.9
Number of Flights 4,917 4,584 7.3 14,104 12,964 8.8
Into-plane Fuel
Cost per Gallon
(estimate) $2.08 $2.04 2.0 $2.08 $2.01 3.4Midwest Connect Operations
Origin & Destination
Passengers 69,871 71,364 (2.1) 190,074 191,231 (0.6)
Scheduled Service
Revenue Passenger
Miles (000s) 21,659 21,800 (0.6) 57,601 58,256 (1.1)
Scheduled Service
Available Seat
Miles (000s) 30,864 32,109 (3.9) 90,047 93,890 (4.1)
Total Available Seat
Miles (000s) 30,864 32,222 (4.2) 90,047 94,257 (4.5)
Load Factor (%) 70.2% 67.9% 2.3 pts. 64.0% 62.0% 2.0 pts.
Revenue Yield
(estimate) $0.3642 $0.3808 (4.4) $0.3779 $0.3809 (0.8)
Passenger Revenue
per Schd. Svc.
ASM (estimate) $0.2556 $0.2586 (1.2) $0.2417 $0.2363 2.3
Total Revenue per
Total ASM
(estimate) $0.2921
$0.2900 0.7 $0.2776 $0.2674 3.8
Average Passenger
Trip Length (miles) 310 305 1.5 303 305 (0.5)
Number of Flights 4,366 4,853(10.0) 12,952 14,119 (8.3)
Into-plane Fuel Cost
per Gallon
(estimate) $2.14 $2.09 2.6 $2.10 $2.05 2.3
Note: 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 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. Both Skyway Airlines, Inc. — a wholly owned subsidiary of Midwest Airlines — and SkyWest Airlines operate as Midwest Connect and offer service to and connections through Midwest Airlines’ hubs. Together, the airlines offer service to 51 cities. More information is available at http://www.midwestairlines.com/.
