Question-and-Answer Session
Operator
Thank you. (Operator instructions) Your first question comes from the line of Michael Linenberg of BAS-ML. Please proceed.
Alex – BAS-ML
Good morning everyone. This is actually Alex from London [ph] on behalf of Mike. I just had a couple of quick questions regarding the combined entity, what are the debt maturities looking like for the fourth quarter and 2010 in terms of debt maturities and CapEx as well?
Hal Cooper
Sure, I will start with the 2010 number. We have debt repayment just under $200 million, $195 million actually for the combined business. We think CapEx for 2010, again for both the branded and the fixed-fee business, is going to be around $45 million. Q4 our debt repayments, we are looking at $40 million and CapEx of a pretty minimal amount, $5 million to $6 million.
Alex – BAS-ML
Okay, great, thanks. As I am looking at the block hours scheduled for 2010, I had noticed that there were still 15 aircrafts at Continental, does that represent the subleased aircrafts that you guys are returning or is there something else behind that?
Bryan Bedford
Those 15 aircrafts remain under a CPA agreement with Continental through mid 2012.
Alex – BAS-ML
Okay great, thanks very much.
Bryan Bedford
You bet.
Operator
Your next question comes from the line of Duane Pfennigwerth of Raymond James. Please proceed.
Duane Pfennigwerth – Raymond James
Hi, thanks, good morning.
Bryan Bedford
Hi, Glen.
Duane Pfennigwerth – Raymond James
Just firstly, on the sort of profitability on the fixed-fee side, you mentioned in your comments you had some impact from maintenance, so again referring to that sort of block hour schedule, it looks like it is down about 6% in the fourth quarter and then down about 16% in 2010. So, other than sort of the block hour production impact on profitability, how should we think about rate, and can you get any relief from the $6 million headwind this quarter?
Bryan Bedford
Duane, we don’t see that utilization is going to change production in 2010 and we are going to have some maintenance cost pressure in 2010 as the aircrafts get older. So where we are at in Q3 is pretty typical for where we see things in 2010.
Duane Pfennigwerth – Raymond James
Okay, on the Frontier side you mentioned sort of profitability in the most recent quarter, can we get any sort of guidance on margin or profitability expectations in the fourth quarter?
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