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Frontier Airlines estimates USD58 million 2Q08 loss

14-Aug-2008

Frontier Airlines, citing a 62% increase in average fuel costs, stated it expects to report a USD57.7 million net loss during the three months ended 30-Jun-08 (2Q08). The loss would be a significant increase from the USD3.5 million loss reported in 2Q07. [951 words]

Unlock the following content in this report:

Subheadings:

  • Improvements in net and operating losses in Jun-08; majority of losses in Apr-08
  • Financing agreement approved; to improve liquidity and boost momentum towards emergence from Bankruptcy Protection
  • Load factors slip slightly in Jun-08, after twelve consecutive months of load factor improvements; down to 87.2%
  • Experiences peak Summer unit revenue and yield improvements
  • Lynx Aviation: continues to show signs of improvement

Graphs and data:

  • Frontier traffic highlights for Jul-08
  • Frontier passenger yield (US cents): Jan-06 to Jul-08
  • Frontier revenue (per ASM): Jan-06 to Jul-08
  • Lynx Aviation traffic highlights for Jul-08
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