7th Sep 2007 07:00
MAXjet Airways Inc.07 September 2007 7 September 2007 MAXJET AIRWAYS INC. ("MAXjet" or the "Company") AUGUST PASSENGER STATISTICS MAXjet today announces its passenger statistics for August 2007. Highlights • Systemwide load factor of 76.4% (7,580 revenue passengers), a 23 percentage point increase year-on-year • Successful launch of new Los Angeles service • Increased Las Vegas frequencies to four weekly • Fourth aircraft entered revenue service • Improved on-time performance • Increased diversification of route network • 100,000th revenue passenger August 2007 MAXjet's systemwide load factor in August was 76.4%, a year-over-year increaseof 23 percentage points, exhibiting strength during a traditionally slowerperiod for business class travel. The yield environment continues to remainfavourable. During May, June, and July, MAXjet's systemwide load factors were76.9%, 83.1% and 75.5% respectively. Revenue passenger kilometers increased 102%year-over-year on a 40% increase in capacity. Increases in scheduled operations result in a planned 59% increase in unitcapacity (measured in available seat miles) in September versus August. Thisresults from the introduction of new Los Angeles service and Las Vegasfrequencies. MAXjet therefore expects its systemwide load factor in Septemberto be lower than in August. Forward bookings continue to be strong includingthose on the Company's new fourth weekly frequency to Las Vegas which commencedon 2 September. Key performance indicators for August and the year to date are summarized in thetables below: KPIs FOR AUGUST AUG 07 AUG 06 Change Total Seats 10,092 8,264 23% Revenue Passengers 7,580 4,391 73% Capacity (ASM 000s) 40,968 29,340 40%Capacity (ASK 000s) 65,932 47,218 Traffic (RPM 000s) 31,284 15,464 102%Traffic (RPK 000s) 50,348 24,887 Revenue Load Factor 76.4% 52.7% +23pp * Includes all scheduled flights marketed by MAXjet Airways KPIs FOR YEAR TO DATE JAN-AUG 07 JAN-AUG 06 Change Total Seats 67,524 58,034 16% Revenue Passengers 46,378 30,823 50% Capacity (ASM 000s) 270,012 205,074 32%Capacity (ASK 000s) 434,542 330,034 Traffic (RPM 000s) 188,485 108,575 74%Traffic (RPK 000s) 303,337 174,735 Revenue Load Factor 69.8% 52.9% +17pp * Includes all scheduled flights operated by MAXjet Airways August On-time Performance MAXjet's on-time performance for August 2007 increased 7.1pp to 79.2%. On-timeperformance in August was impacted by adverse weather in Washington and New Yorkas well as prolonged air-traffic control delays in New York. MAXjet's year todate flight completions are 95.8%. The first revenue flight on MAXjet's fourthaircraft was 20 August 2007. Network Scope New services from London Stansted to Los Angeles and Las Vegas reduce MAXjet'seconomic risk in individual markets, continuing the directors' strategy ofnetwork diversification. During September, 33% of MAXjet's scheduled departures will be between Londonand New York, with 22% between London and each of Washington, Las Vegas and LosAngeles. On an available seat mile basis, 26% of MAXjet's scheduled capacity is plannedbetween London and New York, with 18%, 28% and 29% between London andWashington, Las Vegas and Los Angeles respectively. September Weekly Departures (All figures weekly) Departures % Deps ASMs (000s) % ASMsNew York - London (a) 12 33% 3,915 26%Washington - London 8 22% 2,720 18%Las Vegas - London 8 22% 4,270 28%Los Angeles - London 8 22% 4,367 29%Total 36 100% 15,273 100% (a) Service to New York increases to daily on 20 October 2007 100,000th Passenger During August 2007 MAXjet carried its 100,000th revenue passenger, confirmingthe airline's position as the leader in the all Business Class sector. First Half Announcement MAXjet will announce its interim results for the half year to 30 June on 18September 2007. 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 over100,000 revenue passengers and introduced new services from London toWashington, Las Vegas and Los Angeles. 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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