EX-99 2 exh99.htm PRESS RELEASE

Exhibit 99

Midwest Air Group, Inc.

6744 South Howell Avenue

Oak Creek, Wisconsin  53154

414-570-4000

www.midwestairlines.com

Traded: AMEX (MEH)


Media Inquiries: Michael Brophy, 414-570-4206 (o) or Michael.Brophy@midwestairlines.com

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


FOR IMMEDIATE RELEASE

January 11, 2008


MIDWEST AIR GROUP REPORTS DECEMBER PERFORMANCE


Milwaukee, Wisconsin, January 11, 2008 – Midwest Air Group, Inc. (AMEX: MEH) today reported December performance data for Midwest Airlines and Midwest Connect.


Midwest Air Group, Inc. – Performance Report

 

 

 

 

 

 

Twelve Months Ended

 

 

December

 

December 31,

 

 

2007

2006

% Change

 

2007

2006

% Change

 

Midwest Air Group

 

 

 

 

 

 

 

 

 

 

Scheduled Service Revenue Passenger Miles (000s)

350,082

335,746

4.3

 

 

4,725,413

4,086,394

15.6

 

 

Scheduled Service Available Seat Miles (000s)

516,855

471,448

9.6

 

 

6,183,174

5,362,671

15.3

 

 

Total Available Seat Miles (000s)

521,296

475,815

9.6

 

 

6,224,958

5,421,119

14.8

 

 

Load Factor (%)

67.7%

71.2%

(3.5)

pts.

 

76.4%

76.2%

0.2

pts.

 

Revenue Yield (estimate)

$0.1484

$0.1393

6.5

 

 

$0.1425

$0.1440

(1.0)

 

 

Passenger Revenue per Schd. Svc. ASM (estimate)

$0.1005

$0.0992

1.3

 

 

$0.1089

$0.1097

(0.7)

 

 

Total Revenue per Total ASM (estimate)

$0.1142

$0.1153

(1.0)

 

 

$0.1215

$0.1226

(0.9)

 

 

Number of Flights

9,396

8,986

4.6

 

 

119,280

110,120

8.3

 

 

Into-plane Fuel Cost per Gallon (estimate)

$2.09

$2.14

(2.7)

 

 

$2.11

$2.17

(2.6)

 

 

 

 

 

 

 

 

 

 

 

 

 

Midwest Airlines Operations

 

 

 

 

 

 

 

 

 

 

Origin & Destination Passengers

266,711

297,776

(10.4)

 

 

3,790,495

3,621,048

4.7

 

 

Scheduled Service Revenue Passenger Miles (000s)

300,853

316,088

(4.8)

 

 

4,217,451

3,827,111

10.2

 

 

Scheduled Service Available Seat Miles (000s)

435,123

441,392

(1.4)

 

 

5,427,141

4,982,631

8.9

 

 

Total Available Seat Miles (000s)

439,564

445,759

(1.4)

 

 

5,468,924

5,040,712

8.5

 

 

Load Factor (%)

69.1%

71.6%

(2.5)

pts.

 

77.7%

76.8%

0.9

pts.

 

Revenue Yield (estimate)

$0.1314

$0.1270

3.5

 

 

$0.1252

$0.1285

(2.6)

 

 

Passenger Revenue per Schd. Svc. ASM (estimate)

$0.0909

$0.0909

(0.1)

 

 

$0.0973

$0.0987

(1.4)

 

 

Total Revenue per Total ASM (estimate)

$0.1076

$0.1087

(0.9)

 

 

$0.1123

$0.1135

(1.1)

 

 

Average Passenger Trip Length (miles)

1,128

1,061

6.3

 

 

1,113

1,057

5.3

 

 

Number of Flights

4,185

4,711

(11.2)

 

 

55,010

54,213

1.5

 

 

Into-plane Fuel Cost per Gallon (estimate)

$2.08

$2.14

(2.9)

 

 

$2.10

$2.16

(2.8)

 

 

 

 

 

 

 

 

 

 

 

 

 

Midwest Connect Operations

 

 

 

 

 

 

 

 

 

 

Origin & Destination Passengers

117,579

62,964

86.7

 

 

1,282,495

819,946

56.4

 

 

Scheduled Service Revenue Passenger Miles (000s)

49,230

19,658

150.4

 

 

507,962

259,283

95.9

 

 

Scheduled Service Available Seat Miles (000s)

81,732

30,057

171.9

 

 

756,033

380,040

98.9

 

 

Total Available Seat Miles (000s)

81,732

30,057

171.9

 

 

756,033

380,407

98.7

 

 

Load Factor (%)

60.2%

65.4%

(5.2)

pts.

 

67.2%

68.2%

(1.0)

pts.

 

Revenue Yield (estimate)

$0.2523

$0.3383

(25.4)

 

 

$0.2858

$0.3719

(23.2)

 

 

Passenger Revenue per Schd. Svc. ASM (estimate)

$0.1520

$0.2213

(31.3)

 

 

$0.1920

$0.2537

(24.3)

 

 

Total Revenue per Total ASM (estimate)

$0.1644

$0.2550

(35.5)

 

 

$0.2090

$0.2851

(26.7)

 

 

Average Passenger Trip Length (miles)

419

312

34.1

 

 

396

316

25.3

 

 

Number of Flights

5,211

4,275

21.9

 

 

64,270

55,907

15.0

 

 

Into-plane Fuel Cost per Gallon (estimate)

$2.10

$2.15

(2.5)

 

 

$2.15

$2.21

(2.4)

 

 


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.

This performance report includes operating statistics for the 50-seat regional jet fleet operated by SkyWest Airlines, affecting year-over-year comparisons for Midwest Air Group and Midwest Connect. That service, which launched April 1, 2007, has allowed for the opening of new markets as well as the conversion to Midwest Connect of some flights previously flown by Midwest Airlines.

-MORE-





Readers of Travel+Leisure named Midwest Airlines “Best Domestic Airline” in the magazine’s 2007 World’s Best Awards competition. The airline features jet service throughout the United States, including Milwaukee’s most daily nonstop flights and best schedule to major destinations. Catering to business travelers and discerning leisure travelers, the airline earned its reputation as “The best care in the air” by providing passengers with impeccable service and onboard amenities at competitive fares. Both Skyway Airlines, Inc. – a wholly owned subsidiary of Midwest Airlines – and SkyWest Airlines, Inc. operate as Midwest Connect and offer service to and connections through Midwest Airlines’ hubs. Together, the airlines offer service to more than 50 cities. More information is available at http://www.midwestairlines.com.


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