Great Lakes Aviation, Ltd. Reports October 2008 Traffic

Scheduled service generated 13,742,000 revenue passenger miles (RPM's), an 8.4 percent decrease from the same month last year. Available seat miles (ASM's) increased 10.1 percent to 32,970,000. As a result, load factor decreased 8.5 points to 41.68 percent. Passengers carried decreased 9.3 percent to 49,290 when compared to October 2007. Preliminary revenue per available seat mile (RASM) increased 8.0 percent from 29.91 cents to 32.29 cents.

For the ten months ending October 31, 2008 compared to the same ten month period in 2007, revenue passenger miles (RPM's) decreased 1.0 percent to 130,833,000 and available seat miles (ASM's) increased 12.1 percent to 297,924,000, resulting in a load factor of 43.91 percent for the year 2008 effecting a decrease in load factor of 5.8 points compared to the same ten month period in 2007. The company carried 484,987 revenue passengers for the ten month period ending October 31, 2008, which was relatively unchanged from the prior year. Preliminary revenue per available seat mile (RASM) increased 5.2 percent from 29.78 cents to 31.33 cents on a year-over-year basis.

                   OCTOBER 2008 AND YEAR TO DATE STATISTICS

                                     Oct-08          Oct-07        Change
    Passengers Enplaned              49,290          54,344        (9.3)%
    Revenue Passenger Miles (000)    13,742          15,009        (8.4)%
    Available Seat Miles (000)       32,970          29,934        10.1%
    Load Factor                       41.68%          50.14%       (8.5) pts
    RASM (cents)                      32.29           29.91         8.0%

                                   YTD 2008        YTD 2007        Change
    Passengers Enplaned             484,987         485,048         0.0%
    Revenue Passenger Miles (000)   130,833         132,148        (1.0)%
    Available Seat Miles (000)      297,924         265,670        12.1%
    Load Factor                       43.91%          49.74%       (5.8) pts
    RASM (cents)                      31.33           29.78         5.2%

Great Lakes is providing scheduled passenger service at 59 airports in seventeen states with a fleet of Embraer EMB-120 Brasilias and Raytheon/Beech 1900D regional airliners. Additional information is available at http://www.flygreatlakes.com including a current route map at http://www.flygreatlakes.com/route_map/route_map.htm.

All scheduled flights are operated under the Great Lakes Airlines marketing identity in conjunction with code-share agreements with United Airlines and/or Frontier Airlines at ourDenver,Phoenix,Kansas City, MO and Ontario, CA hubs. The company also operates hubs in Albuquerque,Milwaukee, andSt. Louis.

Contact: Michael Matthews, VP Finance/CFO

               (307) 432-7000

SOURCE Great Lakes Aviation, Ltd.

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Copyright © 2009, NewsBlaze, Daily News

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