Frontier Q3 net loss $32M; revenue down 3% to $883M despite 21% capacity growth

Frontier Group Holdings, Inc.

2023-Q3 EPS reported $0.12 revenue$2,698,000,000

Pre-tax loss of $45M vs. pre-tax income of $58M a year ago; diluted EPS loss $0.14.
CASM 9.66 cents (-9% YoY); adjusted CASM ex-fuel 6.66 cents (-3% YoY).
Revenue per passenger fell 15% to $115; load factor dropped 2.5pp to 80%.
Total fuel expense $291M at $3.08/gal; unrestricted cash $640M at quarter end.
Added eight A321neo aircraft; fleet now 134 units, 77% A320neo family.

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 0.95

Frontier Group Holdings, Inc. reported the third quarter of 2023 results: revenue $883 million, net income $(32) million, EPS $(0.14). Guidance initiated.

Period: the third quarter of 2023
Revenue: $883 million
Net income: $(32) million
EPS: $(0.14)
Guidance: initiated
Result: reported results

Exact text from the filing

Inc., today reported financial results for the third quarter of 2023 and issued guidance for the fourth quarter. Third Quarter 2023 Summary: • Total operating revenues were $883 million, 3 percent lower than the 2022 quarter, on capacity growth of 21 percent • Cost per available seat mile ("CASM") was 9.66 cents, a decline of 9 percent over the 2022 quarter •

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Source: SEC EDGAR

accession 0001670076-23-000085

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