earnings
confidence high
sentiment positive
materiality 0.70
Frontier Q3 revenue $906M (+35% vs 2019), net income $31M, record ancillary $78/pax
Frontier Group Holdings, Inc.
2022-Q3 EPS reported
-$0.36
revenue$2,420,000,000
- Total operating revenue $906M, 35% higher than Q3 2019 and 44% higher than Q3 2021.
- Net income $31M GAAP ($33M adjusted); pre-tax margin 6.4% GAAP, adjusted pre-tax margin 5.2%.
- Record ancillary revenue per passenger of $78, up 38% vs Q3 2019 and 4% vs prior quarter.
- CASM 10.57 cents; adjusted CASM ex-fuel 6.90 cents, down 5% sequentially; fleet now 115 aircraft.
- Q4 guidance: capacity +15-17% vs Q4 2019, adjusted pre-tax margin 3-7%.