Frontier reports record Q1 revenue $848M but pre-tax loss $17M; guides Q2 adj. margin 7-10%

Frontier Group Holdings, Inc.

2023-Q1 EPS reported -$0.06 revenue$848,000,000

Record Q1 revenue $848M (+40% YoY); ancillary revenue $80/pax (+15% YoY).
Pre-tax loss $(17)M, adjusted $(16)M; adjusted pre-tax margin (1.9)%.
Guidance: Q2 adjusted pre-tax margin 7-10%, H2 2023 10-13%.
Reshaping capacity to focus on peak demand; lower utilization but wider cost advantage.
Ended with $790M cash; 6 A321neo deliveries; Airbus delays shift 2 A321neo to 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Frontier Group Holdings, Inc. reported first quarter of 2023 results: revenue $848 million, net income $(13) million. Guidance reaffirmed.

Period: first quarter of 2023
Revenue: $848 million
Net income: $(13) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

reported results for the first quarter of 2023 and issued guidance for second quarter and full year 2023. First Quarter 2023 Summary: • Achieved total operating revenues of $848 million, a record for any first quarter in company history and 40 percent higher than the 2022 quarter, resulting in a 19 percent increase in revenue per available seat mile ("RASM") on

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Frontier Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001670076-23-000052

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