RENO, Nev., Dec. 10 /PRNewswire/ -- Reno Air, Inc. (Nasdaq: RENO),
(PCX: RNO) today announced it carried 426,089 passengers in November, which is
a 5.1 percent decrease over the same month last year. The airline flew
227,363,702 revenue passenger miles (RPMs) with a capacity of
372,972,443 available seat miles (ASMs), producing a load factor of 61.0
percent.
"Our traffic decline is attributed largely to one-time events associated
with our cutover to a new SABRE host reservation system in November," said
Reno Air President and CEO Robert Reding. "As stated in our last 10Q, the
conversion created one-time implementation costs and temporary disruption in
our reservation and yield management operations. While we are not able at
this time to quantify the impact, the Company will not meet the current
analyst consensus estimate of breakeven to a slight loss for the fourth
quarter. On the positive side, the switch in reservations systems is an
investment in our future. We are implementing new processes that will
contribute to our bottom line profitability in 1998, including enhancements to
our yield management system."
RENO AIR OCTOBER TRAFFIC STATISTICS
November 1997 November 1996 Percent Change
RPMs (000) 227,364 251,736 (9.7%)
ASMs (000) 372,972 376,139 (0.8%)
Load Factor (%) 61.0 66.9 (5.9 points)
Passengers 426,089 449,175 (5.1%)
YEAR-TO-DATE
11 MONTHS ENDED
November 1997 November 1996 Percent Change
RPMs (000) 2,878,357 2,776,786 3.7%
ASMs (000) 4,311,249 4,117,024 43%
Load Factor % 66.8 67.5 (0.7 points)
Passengers 5,084,603 4,711,724 7.9%
Reno Air currently serves 24 cities with 208 peak daily scheduled
departures. The carrier's fleet of 30 MD-80 and MD-90 series jets has an
average age of less than seven years, one of the youngest all-jet fleets in
the industry. Reno Air offers everyday low fares, advance seat assignments,
domestic and international frequent flier programs, a spacious first class
cabin, "EZtrip" ticketless travel and full participation in all major computer
reservation systems.
SOURCE Reno Air, Inc.
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CONTACT:
Connie Huff, 702-686-3874, Richard Guess,
702-686-3842, of Carl Clark, 702-858-7949, or evening/weekend,
888-396-0817, all of Reno Air Corporate Communications
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
740075
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