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MAXJ Maxjet

75.00
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Maxjet LSE:MAXJ London Ordinary Share COM STK USD0.05 (REG S)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 75.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

PASSENGER STATISTICS

05/10/2007 8:01am

UK Regulatory


RNS Number:1818F
MAXjet Airways Inc.
05 October 2007



5 October 2007

                              MAXJET AIRWAYS INC.
                          ("MAXjet" or the "Company")
                         SEPTEMBER PASSENGER STATISTICS

MAXjet today announces its passenger statistics for September 2007.

Highlights

  * 67.6% revenue load factor (9,377 passengers), a 9pp increase
    year-over-year
  * 101% passenger increase year-over-year on a 75% increase in available
    seats
  * Introduction of forth weekly frequency on Las Vegas route
  * Strong first full month performance for new Los Angeles route
  * Fifth aircraft enters revenue service 8 October 2007
  * Daily service in New York begins 20 October 2007


September 2007

MAXjet's systemwide load factor in September was 67.6%, a year-over-year
increase of 9 percentage points. In September MAXjet introduced a new fourth
weekly frequency from London to Las Vegas.  In addition September was the first
full month of operation for the new Los Angeles route.  Available seats
increased 38% month-on-month and resulted in a 24% increase in revenue
passengers.

Progress on yields continues to be made year on year. MAXjet expects its October
systemwide load factor to be higher than September reflecting building strength
in the Los Angeles market.

Key performance indicators for September and the year to date are summarized in
the tables below:


KPIs FOR SEPTEMBER                         SEP 07               SEP 06             Change

Total Seats                                13,946                7,958                75%

Revenue Passengers                          9,377                4,676               101%

Capacity (ASM 000s)                        61,857               28,281               119%
Capacity (ASK 000s)                        99,549               45,515

Traffic (RPM 000s)                         41,845               16,533               153%
Traffic (RPK 000s)                         67,343               26,607

Revenue Load Factor                         67.6%                58.5%               +9pp

* Includes all scheduled flights marketed by MAXjet Airways

KPIs FOR YEAR TO DATE                  JAN-SEP 07           JAN-SEP 06             Change

Total Seats                                81,470               65,992                23%

Revenue Passengers                         55,755               35,499                57%

Capacity (ASM 000s)                       331,869              233,355                42%
Capacity (ASK 000s)                       534,091              375,549

Traffic (RPM 000s)                        230,330              125,108                84%
Traffic (RPK 000s)                        370,680              201,342

Revenue Load Factor                         69.4%                53.6%              +16pp

* Includes all scheduled flights operated by MAXjet Airways



September On-time Performance

MAXjet's on-time performance for September 2007 was 65%. On-time performance in
September was impacted by air-traffic control delays in New York, although
delays related to ramp congestion have improved since MAXjet shifted to JFK
Terminal Four in August. MAXjet's year to date flight completions are 95.1%.


Fifth Aircraft

MAXjet plans on 8 October 2007 to introduce its fifth aircraft into revenue
service. An extended-range B767 with auxiliary fuel tanks and crew rest
facilities, this aircraft allows MAXjet to plan for an operating spare aircraft
in its fleet.  The Company expects this fleet addition to further increase its
operating performance by reducing delays related to unscheduled maintenance and
late arriving equipment.



For further information, please contact:

MAXjet Airways, Inc                                            +1 703 574 6600

Bill Stockbridge, CEO
John Severson, CFO
Josh Marks, EVP, Head of Strategy & Route Development


Panmure Gordon, Nominated Adviser and Broker                  +44 207 459 3600

Grant Harrison
Andrew Potts
Chris Bucknall


FD                                                           +44 207 831 3113

Ben Foster
Charlie Watenphul



Notes to Editors

MAXjet Airways introduced the affordable all-business class segment, starting
service between London Stansted and New York (JFK) in November 2005.  Since
launching the low-fare all-business class segment MAXjet has carried over
110,000 revenue passengers and introduced new services from London to
Washington, Las Vegas and Los Angeles with its fleet of five B767 aircraft.

MAXjet offers the amenities of Business Class, including fast check-in security
clearance, departure lounges, padded leather seats with 170 degrees of recline
and 60" seat pitch, gourmet meals and an arrivals facility at Stansted, at fares
comparable to flexible Economy Class.

MAXjet offers convenient flight schedules with evening departures from cities
across the United States and return flights from Stansted that appeal to both
business and leisure passengers. MAXjet has attracted a customer base of small
business, large business and affluent leisure consumers with significant repeat
business and high customer satisfaction.


ENDS


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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