Frontier Airlines reports worsening operating losses in seasonally low Oct-08
Frontier reported a net loss of USD20.5 million in the seasonally low month of Oct-08. Frontier is now required to release monthly operating reports while in bankruptcy protection. This is a marginally improved result from Sep-08’s USD20.8 million net loss, but notably worse than the USD5.6 million net loss reported in Aug-08. The LCC also reported a USD15.9 million operating loss in Oct-08, following an USD11.4 million operating loss in Sep-08, which was preceeded by operating profits of 3.3 million and 1.2 million in Aug-08 and Jul, respectively.
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