Frontier reports Q4 net loss of $53M; appoints new CAO; announces Spirit merger

Frontier Group Holdings, Inc.

2021-FY EPS reported -$0.48 revenue$2,060,000,000

Q4 2021 revenue $609M; net loss $53M ($0.25 GAAP EPS); adjusted net loss $52M ($0.24 adjusted EPS).
Ancillary revenue per passenger $63, up 8% vs Q4 2019; capacity (ASMs) up 4% vs Q4 2019.
Frontier ended Q4 with $918M cash; repaid $150M Treasury loan in Feb 2022; ordered 91 A321neo aircraft.
Company announced merger with Spirit Airlines today; withdrew Q1/2022 guidance pending deal.
Josh Wetzel appointed Principal Accounting Officer and Vice President, CAO effective Feb 5, 2022.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Mark C. Mitchell

Vice President, Finance and Investor Relations

ULCC · Frontier Group Holdings, Inc.

Effective: 2022-02-05
Successor: Josh A. Wetzel
Filed: February 7, 2022, 6:59 PM ET

Mark C. Mitchell, the Company’s current principal accounting officer and Chief Accounting Officer, will continue to serve the Company in his new role as Vice President, Finance and Investor Relations.

Appointed

Josh A. Wetzel

Vice President, Chief Accounting Officer

ULCC · Frontier Group Holdings, Inc.

Effective: 2022-02-05
Filed: February 7, 2022, 6:59 PM ET

On February 5, 2022, the Company’s Board of Directors appointed Josh A. Wetzel as the Company’s principal accounting officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark C. Mitchell changed role as Vice President, Finance and Investor Relations at Frontier Group Holdings, Inc..

Action: continued to serve in new role
Role: Vice President, Finance and Investor Relations

Exact text from the filing

Mark C. Mitchell, the Company’s current principal accounting officer and Chief Accounting Officer, will continue to serve the Company in his new role as Vice President, Finance and Investor Relations.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Josh A. Wetzel was appointed as Vice President, Chief Accounting Officer at Frontier Group Holdings, Inc..

Action: appointed
Role: Vice President, Chief Accounting Officer

Exact text from the filing

On February 5, 2022, the Company’s Board of Directors appointed Josh A. Wetzel as the Company’s principal accounting officer.

View on SEC.gov

Frontier Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-029032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.