PASSENGER STATISTICS
08 December 2007 - 4:42AM
UK Regulatory
RNS Number:5002J
MAXjet Airways Inc.
07 December 2007
7 December 2007
MAXJET AIRWAYS INC.
("MAXjet" or the "Company")
NOVEMBER PASSENGER STATISTICS
Notwithstanding this morning's announcement by MAXjet that it has today
requested that the trading of its common stock be suspended with immediate
effect pending clarification of its financial position, the Company wishes to
confirm to its employees, customers and suppliers that business continues to
function as normal and therefore announces its passenger statistics for November
2007. An announcement regarding the Company's financial position will be made as
soon as possible.
Highlights
* 69% revenue load factor (8,467 passengers), an 11pp increase
year-over-year
* 47% passenger increase year-over-year on a 24% increase in available seats
* 100% of flights completed in November
* 80% on-time performance
* MAXjet places ahead of Emirates, Virgin Atlantic, Cathay Pacific and other
international carriers in 2007 Zagat Airline Survey
November 2007
MAXjet's systemwide load factor in November was 69%, a year-over-year increase
of 11 percentage points. Revenue passengers increased from 5,748 in November
2006 to 8,467 in November 2007, an increase of 47%.
Key performance indicators for November and the year to date are summarized in
the tables below:
KPIs FOR NOVEMBER NOV 07 NOV 06 Change
Total Seats 12,044 9,734 24%
Revenue Passengers 8,467 5,748 47%
Capacity (ASM 000s) 53,667 37,321 44%
Capacity (ASK 000s) 86,369 60,062
Traffic (RPM 000s) 37,022 21,717 70%
Traffic (RPK 000s) 59,581 34,951
Revenue Load Factor 69.0% 58.2% +11pp
KPIs FOR YEAR TO DATE* JAN-NOV 07 JAN-NOV 06 Change
Total Seats 108,266 82,678 31%
Revenue Passengers 74,760 45,975 63%
Capacity (ASM 000s) 449,615 295,189 52%
Capacity (ASK 000s) 723,584 475,060
Traffic (RPM 000s) 313,188 163,423 92%
Traffic (RPK 000s) 504,027 263,004
Revenue Load Factor 69.7% 55.4% +14pp
* Includes all scheduled flights operated by MAXjet Airways
November On-time Performance
MAXjet's on-time performance for November 2007 was 80%. MAXjet's year to date
flight completions improved to 96.4%, with 100% of scheduled flights completed
in November.
2007 Zagat Airline Survey
The 2007 Zagat International Airlines Survey ranked MAXjet (at 82 cumulative
points) above notable international airlines such as Emirates (79), Virgin
Atlantic (79) and Cathay Pacific (78) on the basis of comfort, food, service and
website.
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
FD
Ben Foster +44 207 831 3113
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
130,000 revenue passengers.
MAXjet offers the amenities of Business Class, including fast check-in security
clearance, departure lounges, padded leather seats with 170 degrees of recline
and up to 60" seat pitch, gourmet meals and an arrivals facility at Stansted, at
fares comparable to flexible Economy Class. MAXjet operates a fleet of five
B767 extended range aircraft configured with up to 102 Business Class seats.
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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