secwatch.observer — SEC 8-K summary
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Issuer:     Frontier Group Holdings, Inc. (ULCC)
CIK:        0001670076
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0001193125-22-029032
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670076/000119312522029032/0001193125-22-029032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670076/000119312522029032/d626814d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-029032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer