7th Dec 2007 17:41
MAXjet Airways Inc.07 December 2007 7 December 2007 MAXJET AIRWAYS INC. ("MAXjet" or the "Company") NOVEMBER PASSENGER STATISTICS Notwithstanding this morning's announcement by MAXjet that it has todayrequested that the trading of its common stock be suspended with immediateeffect pending clarification of its financial position, the Company wishes toconfirm to its employees, customers and suppliers that business continues tofunction as normal and therefore announces its passenger statistics for November2007. An announcement regarding the Company's financial position will be made assoon as possible. Highlights • 69% revenue load factor (8,467 passengers), an 11pp increase year-over-year • 47% passenger increase year-over-year on a 24% increase in available seats • 100% of flights completed in November • 80% on-time performance • MAXjet places ahead of Emirates, Virgin Atlantic, Cathay Pacific and other international carriers in 2007 Zagat Airline Survey November 2007 MAXjet's systemwide load factor in November was 69%, a year-over-year increaseof 11 percentage points. Revenue passengers increased from 5,748 in November2006 to 8,467 in November 2007, an increase of 47%. Key performance indicators for November and the year to date are summarized inthe tables below: KPIs FOR NOVEMBER NOV 07 NOV 06 Change Total Seats 12,044 9,734 24% Revenue Passengers 8,467 5,748 47% Capacity (ASM 000s) 53,667 37,321 44%Capacity (ASK 000s) 86,369 60,062 Traffic (RPM 000s) 37,022 21,717 70%Traffic (RPK 000s) 59,581 34,951 Revenue Load Factor 69.0% 58.2% +11pp KPIs FOR YEAR TO DATE* JAN-NOV 07 JAN-NOV 06 Change Total Seats 108,266 82,678 31% Revenue Passengers 74,760 45,975 63% Capacity (ASM 000s) 449,615 295,189 52%Capacity (ASK 000s) 723,584 475,060 Traffic (RPM 000s) 313,188 163,423 92%Traffic (RPK 000s) 504,027 263,004 Revenue Load Factor 69.7% 55.4% +14pp * Includes all scheduled flights operated by MAXjet Airways November On-time Performance MAXjet's on-time performance for November 2007 was 80%. MAXjet's year to dateflight completions improved to 96.4%, with 100% of scheduled flights completedin November. 2007 Zagat Airline Survey The 2007 Zagat International Airlines Survey ranked MAXjet (at 82 cumulativepoints) above notable international airlines such as Emirates (79), VirginAtlantic (79) and Cathay Pacific (78) on the basis of comfort, food, service andwebsite. 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 Potts FDBen Foster +44 207 831 3113 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 over130,000 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 operates a fleet of fiveB767 extended range aircraft configured with up to 102 Business Class seats. 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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