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Is the worst now behind Frontier? Improved operating and net profit levels improve in Nov-08

12-Jan-2009

Frontier President and CEO, Sean Menke, believes the changes the carrier has made over the last year are “starting to pay dividends”. Mr Menke optimistically added that the carrier is “very comfortable with our restructuring efforts moving ahead and look forward to more positive results in the future". [1998 words]

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Subheadings:

  • Reduction in capacity results in lower operating expenses in Sep-08
  • Cash and cash equivalents of USD53 million in Nov-08
  • But still more work to do in reorganisation process; requests Bankruptcy Court Extension
  • Reaches critical milestone in restructuring effort with Labour Union agreement
  • Drops team sponsorship agreements
  • Record Dec-08 and 3Q08 load factors; unit yield and revenue shows upward movement in 2008
  • Operational performance continue to improve in Oct-08
  • Commences service to fifth Colorado market; seeking to expand turboprop fleet on Lynx Aviation success
  • Launches new fare structure

Graphs and data:

  • Frontier Airlines Holdings monthly financial highlights
  • Frontier Airlines Holdings operating expenses: May-08 to Nov-08
  • Frontier capacity growth (ASK) growth: Jan-04 to Dec-08
  • Frontier Airlines Holdings monthly cash and cash equivalent levels
  • Frontier monthly passenger traffic (millions) and load factor (%): 12 months to 31-Dec-08 vs 12 months to 31-Dec-07
  • Frontier yield (cents) and revenue (per ASM; cents): Jan-08 to Dec-08
  • Frontier Fare Levels
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