8-K
filed February 6, 2024, 6:59 PM ET
ticker ULCC
CIK 0001670076
earnings
confidence high
sentiment neutral
materiality 0.65
Frontier Q4 revenue $891M, pre-tax margin 0.7%; net loss $37M on tax allowance
Frontier Group Holdings, Inc.
2023-FY EPS reported
-$0.05
revenue$3,589,000,000
- Total operating revenue $891M, down 2% YoY; capacity up 15%.
- Pre-tax income $6M (0.7% margin); adjusted pre-tax income $7M (0.8% margin).
- Net loss $37M includes $37M non-cash deferred tax valuation allowance; adjusted net income $1M.
- CASM 8.93 cents (-10% YoY); adjusted CASM ex-fuel 5.90 cents (-8% YoY).
- Ended Q4 with $609M cash; 136 aircraft fleet; 79% A320neo family.
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 full year 2023 results: revenue $ 3,589, net income $ (11), EPS $ (0.05). Guidance initiated.
- Period
- full year 2023
- Revenue
- $ 3,589
- Net income
- $ (11)
- EPS
- $ (0.05)
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Year Ended December 31, 2023 2022 As Reported (GAAP) Adjusted (Non-GAAP) As Reported (GAAP) Adjusted (Non-GAAP) Total operating revenues $ 3,589 $ 3,589 $ 3,326 $ 3,326 Total operating expenses $ 3,592 $ 3,590 $ 3,371 $ 3,352 Pre-tax income (loss) $ 32 $ 34 $ (45) $ (19) Pre-tax income (loss) margin 0.9% 0.9% (1.4)% (0.6)% Net income (loss) $ (11) $ 28 $ (37) $ (17) Diluted earnings (loss) per share $ (0.05) $ 0.12 $ (0.17) $ (0.08)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Frontier Group Holdings, Inc. reported fourth quarter 2023 results: revenue $891 million, net income $ (37), EPS $ (0.17). Guidance initiated.
- Period
- fourth quarter 2023
- Revenue
- $891 million
- Net income
- $ (37)
- EPS
- $ (0.17)
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
and full year 2024. Fourth Quarter 2023 Key Highlights: • Pre-tax margin was 0.7 percent and adjusted (non-GAAP) pre-tax margin was 0.8 percent • Total operating revenues were $891 million, 2 percent lower than the comparable 2022 quarter • Cost per available seat mile ( “ CASM ” ) was 8.93 cents, 10 percent lower than the comparable 2022 quarter, and adjusted
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.