EX-99 2 exhibit99.htm PRESS RELEASE DATED DECEMBER 12, 2006 EXHIBIT 99




 

Exhibit 99

 

 

 

Midwest Air Group, Inc.

 

6744 South Howell Avenue

 

Oak Creek, Wisconsin  53154-1402

 

414-570-4000

 

www.midwestairlines.com

 

Traded: AMEX (MEH)


Media Inquiries: Carol Skornicka, 414-570-3980 (o), 414-303-6516 (c) or Carol.Skornicka@midwestairlines.com

Analyst/Investor Inquiries: Dennis O’Reilly, 414-570-3954 (o) or Dennis.O’Reilly@midwestairlines.com


FOR IMMEDIATE RELEASE

December 12, 2006



MIDWEST AIR GROUP REPORTS NOVEMBER PERFORMANCE


Milwaukee, Wisconsin, December 12, 2006 – Midwest Air Group, Inc. (AMEX: MEH) today reported November performance data for Midwest Airlines and Midwest Connect.


Midwest Air Group, Inc. – Performance Report

 

 

 

 

 

 

Eleven Months Ended

 

 

November

 

November 30,

 

 

2006

2005

% Change

 

2006

2005

% Change

 

Midwest Air Group

 

 

 

 

 

 

 

 

 

 

Scheduled Service Revenue Passenger Miles (000s)

333,438

294,591

13.2

 

 

3,750,648

3,081,008

21.7

 

 

Scheduled Service Available Seat Miles (000s)

450,694

422,209

6.7

 

 

4,891,223

4,302,485

13.7

 

 

Total Available Seat Miles (000s)

454,263

427,754

6.2

 

 

4,945,304

4,354,039

13.6

 

 

Load Factor (%)

74.0%

69.8%

4.2

pts.

 

76.7%

71.6%

5.1

pts.

 

Revenue Yield (estimate)

$0.1492

$0.1476

1.0

 

 

$0.1444

$0.1362

6.0

 

 

Passenger Revenue per Schd. Svc. ASM (estimate)

$0.1103

$0.1030

7.1

 

 

$0.1107

$0.0976

13.5

 

 

Total Revenue per Total ASM (estimate)

$0.1237

$0.1146

8.0

 

 

$0.1233

$0.1095

12.6

 

 

Number of Flights

8,959

8,892

0.8

 

 

101,134

96,940

4.3

 

 

Into-plane Fuel Cost per Gallon (estimate)

$2.05

$1.97

3.7

 

 

$2.17

$1.86

16.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Midwest Airlines Operations

 

 

 

 

 

 

 

 

 

 

Origin & Destination Passengers

299,117

267,230

11.9

 

 

3,323,272

2,756,188

20.6

 

 

Scheduled Service Revenue Passenger Miles (000s)

313,771

274,452

14.3

 

 

3,511,023

2,858,533

22.8

 

 

Scheduled Service Available Seat Miles (000s)

420,759

390,919

7.6

 

 

4,541,239

3,952,407

14.9

 

 

Total Available Seat Miles (000s)

424,329

396,465

7.0

 

 

4,594,953

4,003,693

14.8

 

 

Load Factor (%)

74.6%

70.2%

4.4

pts.

 

77.3%

72.3%

5.0

pts.

 

Revenue Yield (estimate)

$0.1343

$0.1300

3.3

 

 

$0.1286

$0.1186

8.5

 

 

Passenger Revenue per Schd. Svc. ASM (estimate)

$0.1002

$0.0913

9.7

 

 

$0.0995

$0.0858

16.0

 

 

Total Revenue per Total ASM (estimate)

$0.1154

$0.1048

10.2

 

 

$0.1140

$0.0996

14.4

 

 

Average Passenger Trip Length (miles)

1,049

1,027

2.1

 

 

1,056

1,037

1.9

 

 

Number of Flights

4,583

4,184

9.5

 

 

49,502

42,206

17.3

 

 

Into-plane Fuel Cost per Gallon (estimate)

$2.04

$1.97

3.6

 

 

$2.16

$1.85

16.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Midwest Connect Operations

 

 

 

 

 

 

 

 

 

 

Origin & Destination Passengers

62,570

66,175

(5.4)

 

 

756,982

755,807

0.2

 

 

Scheduled Service Revenue Passenger Miles (000s)

19,667

20,140

(2.3)

 

 

239,625

222,475

7.7

 

 

Scheduled Service Available Seat Miles (000s)

29,935

31,289

(4.3)

 

 

349,984

350,078

(0.0)

 

 

Total Available Seat Miles (000s)

29,935

31,289

(4.3)

 

 

350,351

350,346

0.0

 

 

Load Factor (%)

65.7%

64.4%

1.3

pts.

 

68.5%

63.6%

4.9

pts.

 

Revenue Yield (estimate)

$0.3859

$0.3871

(0.3)

 

 

$0.3746

$0.3628

3.3

 

 

Passenger Revenue per Schd. Svc. ASM (estimate)

$0.2536

$0.2491

1.8

 

 

$0.2565

$0.2306

11.2

 

 

Total Revenue per Total ASM (estimate)

$0.2865

$0.2787

2.8

 

 

$0.2877

$0.2478

16.1

 

 

Average Passenger Trip Length (miles)

314

304

3.3

 

 

317

294

7.5

 

 

Number of Flights

4,376

4,708

(7.1)

 

 

51,632

54,734

(5.7)

 

 

Into-plane Fuel Cost per Gallon (estimate)

$2.09

$2.00

4.7

 

 

$2.21

$1.91

15.8

 

 


Note: All statistics exclude charter operations except total available seat miles, total revenue per total available seat miles and into-plane fuel cost. Numbers may not recalculate due to rounding.


Midwest Airlines features jet service throughout the United States, including Milwaukee’s most daily nonstop flights and best schedule to major destinations. Skyway Airlines, Inc. – its wholly owned subsidiary – operates as Midwest Connect, which offers connections to Midwest Airlines as well as point-to-point service between select markets on regional jet and turboprop aircraft. Together, the airlines offer service to 47 cities. More information is available at midwestairlines.com.

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