RENO, Nev., July 15 /PRNewswire/ -- As expected, due to the second and
third quarter schedule restructuring, Reno Air, Inc. (Nasdaq: RENO; PCX: RNO)
today announced that June traffic was down 9.2% from the prior year to
458,667 passengers. Load factor was 69.3%, down 3.9 points.
"These results were anticipated and are reflective of the schedule changes
that we designed to improve profitability," said Senior Vice President
Marketing and Planning Joanne Smith.
Reno Air is flying two less aircraft and ceased service to five cities.
It has also refocused flying to improve connections on the West Coast and
optimize city frequency. This has resulted in a better allocation of
resources matching schedules to customer demand.
During this period, the airline also concentrated on improving its
product. On-time arrivals at 87.7% in May outperformed the best of the major
airlines by four points, according to Department of Transportation statistics.
June on-time arrivals show similar performance. A program to improve aircraft
appearance is showing results, and revised staffing in reservations and
customer service as well as new training programs are improving service for
the customer.
"Things are coming into place," said Smith. "Our costs have been reduced
significantly, the operation streamlined, and our customers are seeing the
difference. The summer looks good and we are on track for a profitable year."
RENO AIR TRAFFIC STATISTICS
June Second Quarter
1998 1997 Change 1998 1997 Change
RPMs (000) 269,741 293,080 (8%) 784,660 802,508 (2.2)%
ASMs (000) 389,090 400,477 (2.8%) 1,174,028 1,161,784 1.1%
Load Factor (%) 69.3 73.2 (3.9 pts) 66.8 69.1 (2.3 pts)
Passengers 458,667 505,047 (9.2%) 1,340,100 1,404,943 (4.6%)
Year-to-date
1998 1997 Change
RPMs (000) 1,555,520 1,525,126 2.0%
ASMs (000) 2,366,294 2,278,595 3.8%
Load Factor % 65.7 66.9 (1.2 points)
Passengers 2,677,992 2,677,818 No Charge
Reno Air currently serves 15 cities with more than 200 peak daily
scheduled departures. The carrier's state-of-the-art fleet of 28 MD-80 and
MD-90 series jets have an average age of approximately six years, one of the
youngest all-jet fleets in the industry. Reno Air offers everyday low fares,
advance seat assignments, American Airlines AAdvantage Miles, a spacious first
class cabin, "EZtrip" ticketless travel and full participation in all major
computer reservation systems. See Reno Air's website at http://www.renoair.com.
SOURCE Reno Air
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Related links:
http://www.renoair.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 740075
CONTACT:
Connie Huff of Reno Air, 702-954-5097, or
evening/weekend, 888-396-0817
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