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Frontier Airlines reports fifth consecutive monthly operating profit in Mar-2009

30-Apr-2009

Frontier Airlines reported an operating profit of USD20.7 million in Mar-2009, the fifth consecutive month of operating profits and the highest operating profit figure for any March since 2000. The Mar-2009 operating profit figures were also the highest operating profit for any month since the LCC commenced reporting monthly operating reports in Apr-2008, as a requirement of its bankruptcy protection proceedings). [1172 words]

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Subheadings:

  • 1Q09 operating profit
  • ... but large net losses due to reorganisation items
  • Reduction in capacity and fuel costs results in lowest operating expenses since entry into bankruptcy
  • Unit cost and unit revenue reductions in Mar-2009
  • Continues careful capacity management in 2009
  • Cash and cash equivalents of almost USD72 million in Mar-2009
  • Operational performance continue to improve

Graphs and data:

  • Frontier Airlines Holdings monthly financial highlights
  • Frontier Airlines Holdings operating expenses: May-2008 to Mar-2009
  • Frontier yield (cents) and revenue (per ASM; cents): Feb-2008 to Mar-2009
  • Frontier capacity growth (ASK) growth: Jan-2004 to Mar-2009
  • Frontier Airlines traffic highlights: Mar-2009
  • Frontier monthly passenger traffic (millions) and load factor (%): 12 months to 31-Mar-08 vs 12 months to 31-Mar-09
  • Lynx Aviation traffic highlights: Mar-2009
  • Frontier Airlines Holdings monthly cash and cash equivalent levels
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