5th Oct 2007 07:00
MAXjet Airways Inc.05 October 2007 5 October 2007 MAXJET AIRWAYS INC. ("MAXjet" or the "Company") SEPTEMBER PASSENGER STATISTICS MAXjet today announces its passenger statistics for September 2007. Highlights • 67.6% revenue load factor (9,377 passengers), a 9pp increase year-over-year • 101% passenger increase year-over-year on a 75% increase in available seats • Introduction of forth weekly frequency on Las Vegas route • Strong first full month performance for new Los Angeles route • Fifth aircraft enters revenue service 8 October 2007 • Daily service in New York begins 20 October 2007 September 2007 MAXjet's systemwide load factor in September was 67.6%, a year-over-yearincrease of 9 percentage points. In September MAXjet introduced a new fourthweekly frequency from London to Las Vegas. In addition September was the firstfull month of operation for the new Los Angeles route. Available seatsincreased 38% month-on-month and resulted in a 24% increase in revenuepassengers. Progress on yields continues to be made year on year. MAXjet expects its Octobersystemwide load factor to be higher than September reflecting building strengthin the Los Angeles market. Key performance indicators for September and the year to date are summarized inthe tables below: KPIs FOR SEPTEMBER SEP 07 SEP 06 Change Total Seats 13,946 7,958 75% Revenue Passengers 9,377 4,676 101% Capacity (ASM 000s) 61,857 28,281 119%Capacity (ASK 000s) 99,549 45,515 Traffic (RPM 000s) 41,845 16,533 153%Traffic (RPK 000s) 67,343 26,607 Revenue Load Factor 67.6% 58.5% +9pp * Includes all scheduled flights marketed by MAXjet Airways KPIs FOR YEAR TO DATE JAN-SEP 07 JAN-SEP 06 Change Total Seats 81,470 65,992 23% Revenue Passengers 55,755 35,499 57% Capacity (ASM 000s) 331,869 233,355 42%Capacity (ASK 000s) 534,091 375,549 Traffic (RPM 000s) 230,330 125,108 84%Traffic (RPK 000s) 370,680 201,342 Revenue Load Factor 69.4% 53.6% +16pp * Includes all scheduled flights operated by MAXjet Airways September On-time Performance MAXjet's on-time performance for September 2007 was 65%. On-time performance inSeptember was impacted by air-traffic control delays in New York, althoughdelays related to ramp congestion have improved since MAXjet shifted to JFKTerminal Four in August. MAXjet's year to date flight completions are 95.1%. Fifth Aircraft MAXjet plans on 8 October 2007 to introduce its fifth aircraft into revenueservice. An extended-range B767 with auxiliary fuel tanks and crew restfacilities, this aircraft allows MAXjet to plan for an operating spare aircraftin its fleet. The Company expects this fleet addition to further increase itsoperating performance by reducing delays related to unscheduled maintenance andlate arriving equipment. For further information, please contact: MAXjet Airways, Inc +1 703 574 6600 Bill Stockbridge, CEOJohn Severson, CFOJosh Marks, EVP, Head of Strategy & Route Development Panmure Gordon, Nominated Adviser and Broker +44 207 459 3600 Grant HarrisonAndrew PottsChris Bucknall FD +44 207 831 3113 Ben FosterCharlie Watenphul 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 over110,000 revenue passengers and introduced new services from London toWashington, Las Vegas and Los Angeles with its fleet of five B767 aircraft. MAXjet offers the amenities of Business Class, including fast check-in securityclearance, departure lounges, padded leather seats with 170 degrees of reclineand 60" seat pitch, gourmet meals and an arrivals facility at Stansted, at farescomparable 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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