RENO, Nev., Nov. 20 /PRNewswire/ -- Reno Air, Inc.
(Nasdaq: RENO; PCX: RNO) announced today October 1998 load factor of 60.7%
compared to 61.5% in October 1997. Revenue Passenger Miles were down 10% on
an 8.5% reduction in capacity.
"October traffic results were in line with our expectations and consistent
with our revenue strategy to increase yield," said Joanne Smith, senior vice
president of marketing and planning for Reno Air. Reno has reduced its fleet
by three aircraft since the beginning of the year, reduced service from some
leisure markets, and increased service to more business-oriented markets from
San Jose. "We once again experienced a year-over-year yield and unit revenue
improvement in October," continued Smith.
Reno Air October Traffic Results
October 1998 October 1997 % Change
Passengers Enplaned 404,280 462,403 (12.6)
Revenue Passenger
Miles 224,423,355 249,589,207 (10.1)
Available Seat Miles 371,270,351 405,695,496 (8.5)
Load Factor 60.5 61.5 (1.0)
YEAR-TO-DATE
October 1998 October 1997 % Change
Passengers Enplaned 4,486,148 4,658,514 (3.7)
Revenue Passenger
Miles (000) 2,594,012 2,650,993 (2.1)
Available Seat
Miles (000) 3,920,612 3,938,276 (0.4)
Load Factor 66.2 67.3 (1.1)
Reno Air currently serves 16 cities with more than 186 daily scheduled
departures. Customers are offered advance seat assignments in first and coach
class, American Airlines AAdvantage Miles, "EZtrip" ticket-less travel, and
full participation in all major computer reservations systems. Reno Air also
has codeshare agreements with American Eagle, Hawaiian Airlines, Qantas
Airways, Canadian Airlines, and Midwest Express Airlines in early 1999.
SOURCE Reno Air, Inc.
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Related links:
http://www.renoair.com
Company News On-Call:
http://www.prnewswire.com/comp/740075.html or fax,
800-758-5804, ext. 740075
CONTACT:
Joanne Smith 702-954-5023, or Nancy Raymond,
702-954-5000, ext. 4327, both of Reno Air
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