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Frontier Airlines reports net and operating losses in Sep-08

29-Oct-2008

Frontier (now required to release monthly operating reports while in bankruptcy protection) reported a net loss of USD20.8 million in Sep-08. This is notably worse than the USD5.6 million net loss reported in Aug-08, and is the carrier’s largest monthly net loss since May-08. [949 words]

Unlock the following content in this report:

Subheadings:

  • Reduction in capacity results in lower operating expenses in Sep-08
  • To reduce mainline capacity by 17% in the six months to Mar-09
  • Cash and cash equivalents of USD73 million in Sep-08
  • Pilots extend wage concessions
  • Moving focus from financing to business strategy issues

Graphs and data:

  • Frontier Airlines Holdings monthly financial highlights
  • Frontier Airlines Holdings operating expenses: May-08 to Sep-08
  • Frontier capacity growth (ASK) growth: Jan-04 to Sep-08
  • Frontier Airlines Holdings monthly cash and cash equivalent levels
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