Frontier reports Q4 profit, record ancillary revenue; expects return to pre-pandemic profit per plane in H2 2023

Frontier Group Holdings, Inc.

2022-FY EPS reported -$0.17 revenue$3,326,000,000

Q4 operating revenue $906M (+38% vs 2019); net income $40M; full year net loss $37M on $3.326B revenue.
Record ancillary revenue $82 per passenger, +41% vs 2019; RASM 10.45¢ (+21% vs 2019).
Adjusted CASM ex-fuel 6.40¢, 7% lower than prior quarter and 2% lower than Q4 2021.
Winter storm Elliott reduced pre-tax income by ~$16M (175 bps on margin).
FY 2023 outlook: expects return to pre-pandemic profit per plane run-rate in H2 2023; capacity growth reduced ~5% due to Airbus delivery shifts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Frontier Group Holdings, Inc. reported the fourth quarter of 2022 results: revenue $906 million, net income $40 million.

Period: the fourth quarter of 2022
Revenue: $906 million
Net income: $40 million
Result: reported results

Exact text from the filing

revenue performance, including record ancillary revenue per passenger, and an improvement in unit costs. Fourth Quarter 2022 Highlights • Achieved total operating revenues of $906 million, 38 percent higher than the 2019 quarter on 15 percent higher capacity resulting in a 21 percent increase in revenue per available seat mile ("RASM") over the same period •

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Frontier Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001670076-23-000007

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