7th Aug 2007 07:01
MAXjet Airways Inc.07 August 2007 7 August 2007 MAXJET AIRWAYS INC. ("MAXjet" or the "Company") JULY PASSENGER STATISTICS MAXjet today announces its passenger statistics for July 2007. Highlights • Systemwide load factor of 75.5% (7,612 revenue passengers) with an increase in both month-on-month and year-on-year yields • August, September and October forward bookings remain strong • JFK Operations relocated to Terminal Four • Los Angeles service commences 30 August 2007 • Chief Marketing Officer hired July 2007 MAXjet's systemwide load factor in July was 75.5%, a year-over-year increase of14.3 percentage points and an encouraging performance during a traditionallyslower period for business class travel. During April, May and June, MAXjet'ssystemwide load factors were 75.4%, 76.9% and 83.1% respectively. Progress on yields continues to be made both year on year and month on month.Forward bookings also remain strong and the Company looks forward to the launchof the new Los Angeles route on 30 August. Key performance indicators for July and the year to date are summarized in thetables below: KPIs FOR JULY JULY 2007 JULY 2006 Change Total Seats 10,232 9,064 13% Revenue Passengers 7,612 5,570 37% Capacity (ASM 000s) 40,798 32,307 26%Capacity (ASK 000s) 65,658 51,993 Traffic (RPM 000s) 30,796 19,778 56%Traffic (RPK 000s) 49,562 31,830 Revenue Load Factor 75.5% 61.2% +14pp * Includes all scheduled flights marketed by MAXjet Airways KPIs FOR YEAR TO DATE JAN-JUL 2007 JAN-JUL 2006 Change Total Seats 55,492 49,770 11% Revenue Passengers 40,738 26,432 54% Capacity (ASM 000s) 229,046 175,734 30%Capacity (ASK 000s) 368,614 282,816 Traffic (RPM 000s) 157,202 93,111 69%Traffic (RPK 000s) 252,992 149,848 Revenue Load Factor 68.6% 53.0% +16pp * Includes all scheduled flights operated by MAXjet Airways July On-time Performance MAXjet's on-time performance for July 2007 was 72.1%. On-time performance inJuly was impacted by adverse weather in Washington Dulles and New York JFK, rampcongestion at Terminal One at JFK and prolonged air-traffic control delays atJFK airport. On 5 August 2007 MAXjet relocated its operations to Terminal Fourat JFK and expects a subsequent improvement in on-time performance. MAXjet'syear to date flight completions fell in July to 97%. MAXjet had planned for itsfourth aircraft to enter scheduled service during July. This delivery has beendelayed until 13 August as a result of parts availability. The Company thereforedid not have the expected spare capacity available to cope with unplannedmaintenance during July, and furthermore given that one of the Company's otheraircraft is currently undergoing a planned heavy maintenance check, MAXjetdropped a total of eleven round-trip flights from the schedule in July andAugust. All passengers on impacted flights have been offered alternativeitineraries on MAXjet or other airlines, as well as additional compensation. Chief Marketing Officer Carol Phelan-Marsh joined MAXjet as Chief Marketing Officer on 23 July 2007.Ms. Phelan-Marsh has previous experience at E\* TRADE Financial, Wells Fargo &Co., Saatchi & Saatchi and J. Walter Thompson. 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 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 over 93,000passengers and introduced new services from London to Washington, Las Vegas andLos Angeles starting 30 August 2007. 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 small business, large business andaffluent leisure consumers with significant repeat business and high customersatisfaction. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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