6th Nov 2007 07:00
MAXjet Airways Inc.06 November 2007 6 November 2007 MAXJET AIRWAYS INC. ("MAXjet" or the "Company") OCTOBER PASSENGER STATISTICS MAXjet today announces its passenger statistics for October 2007. Highlights • 71.5% revenue load factor (10,538 passengers), a 4pp increase year-over-year • 123% passenger increase year-over-year on a 112% increase in available seats • Fifth aircraft entered revenue service on 5 October 2007 providing an operational spare • New Saturday service to New York commenced 20 October 2007 • New Las Vegas and Los Angeles frequencies commence in December October 2007 MAXjet's systemwide load factor in October was 71.5%, a year-over-year increaseof 4 percentage points. Revenue passengers increased from 4,728 in October 2006to 10,538 in October 2007, an increase of 123%. Service to Washington Dulles was discontinued after 28 October 2007 to permitadditional frequencies in New York, Los Angeles and Las Vegas. Additionalfrequencies to Los Angeles and Las Vegas are now available for ticketing throughthe Company's distribution channels. Additional frequencies to New York areplanned for March 2008. Progress on yields across markets continues to be madeyear on year. Key performance indicators for October and the year to date are summarized inthe tables below: KPIs FOR OCTOBER* OCT 07 OCT 06 Change Total Seats 14,752 6,952 112% Revenue Passengers 10,538 4,728 123% Capacity (ASM 000s) 64,078 24,513 161%Capacity (ASK 000s) 103,124 39,450 Traffic (RPM 000s) 45,836 16,597 176%Traffic (RPK 000s) 73,766 26,711 Revenue Load Factor 71.5% 67.7% +4pp * Includes all scheduled flights marketed by MAXjet Airways KPIs FOR YEAR TO DATE* JAN-OCT 07 JAN-OCT 06 Change Total Seats 96,222 72,944 32% Revenue Passengers 66,291 40,227 65% Capacity (ASM 000s) 395,948 257,868 54%Capacity (ASK 000s) 637,216 414,999 Traffic (RPM 000s) 276,158 141,706 95%Traffic (RPK 000s) 444,446 228,053 Revenue Load Factor 69.7% 55.0% +15pp * Includes all scheduled flights operated by MAXjet Airways October On-time Performance MAXjet's on-time performance for October 2007 was 70%. On-time performance wasimpacted by offset daylight savings time-zone changes and fixed slot times whichresulted in late arriving flights into the United States. MAXjet's year to dateflight completions improved to 96.0%, with 99.4% of flights completed inOctober. Fifth Aircraft MAXjet introduced its fifth aircraft into revenue service on 5 October 2007. Anextended-range B767, this aircraft allows MAXjet to keep an operational spare inits fleet. MAXjet jetStyle Inflight Magazine Awards MAXjet's inflight magazine, jetStyle, has been awarded two Silver CREATE awardsfor design. jetStyle offers information about each MAXjet destination,including retail, restaurants and hotel accommodation. jetStyle is publishedsemi-annually and is available on every MAXjet flight. Bill Stockbridge, CEO of MAXjet commented: "I am particularly pleased with our strong system-wide load factors given thatthe Los Angeles route has only now been operating for two months. Thisdemonstrates both the underlying momentum in our network and the strong customertraction we are already achieving from both business and leisure customersbetween London and Los Angeles." For further information, please contact: MAXjet Airways, Inc +1 703 574 6600Bill Stockbridge, CEOJohn Severson, CFOJosh Marks, EVP, Head of Strategy & Route Development Panmure Gordon, Nominated Adviser and Broker +44 207 459 3600Grant HarrisonAndrew PottsChris Bucknall FD +44 207 831 3113Ben Foster Notes to Editors MAXjet Airways introduced the affordable all-business class segment, startingservice between London Stansted and New York (JFK) in November 2005. Sincelaunching the low-fare all-business class segment MAXjet has carried over120,000 revenue passengers. MAXjet offers the amenities of Business Class, including fast check-in securityclearance, departure lounges, padded leather seats with 170 degrees of reclineand up to 60" seat pitch, gourmet meals and an arrivals facility at Stansted, atfares comparable to flexible Economy Class. MAXjet offers convenient flight schedules with evening departures from citiesacross the United States and return flights from Stansted that appeal to bothbusiness and leisure passengers. MAXjet has attracted a customer base of smallbusiness, large business and affluent leisure consumers with significant repeatbusiness and high customer satisfaction. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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