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Frontier Airlines starts 2009 with a net loss of USD28 million. But heading in the right direction

4-Mar-2009

Frontier reported a net loss of USD27.9 million in the seasonally slow month of Jan-09, after reporting net profits of USD18.8 million and USD2.9 million in Dec-08 and Nov-08, respectively. Excluding reorganisation items and mark-to-market fuel hedge transactions, Frontier would have reported a net loss of USD2.8 million. [1240 words]

Unlock the following content in this report:

Subheadings:

  • Third consecutive month of operating profit in Jan-09
  • Reduction in capacity and fuel costs results in lowest operating expenses since entry into bankruptcy
  • Boosting revenue through new AirFairs fare structure
  • Continues capacity management in 2009
  • Cash and cash equivalents of USD61 million in Jan-09
  • Operational performance continue to improve

Graphs and data:

  • Frontier Airlines Holdings monthly financial highlights
  • Frontier Airlines Holdings operating expenses: May-08 to Jan-09
  • Frontier Fare Levels
  • Frontier monthly passenger traffic (millions) and load factor (%): 12 months to 30-Jan-08 vs 12 months to 30-Jan-09
  • Frontier capacity growth (ASK) growth: Jan-04 to Jan-09
  • Frontier yield (cents) and revenue (per ASM; cents): Jan-08 to Jan-09
  • Frontier Airlines Holdings monthly cash and cash equivalent levels
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