secwatch.observer — SEC 8-K summary
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Issuer:     Frontier Group Holdings, Inc. (ULCC)
CIK:        0001670076
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001670076-24-000077
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontier Q1 net loss $26M, revenue $865M up 2% YoY; pre-tax loss $24M
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- Pre-tax loss $24M (margin -2.8%); net loss $26M incl. $5M deferred tax allowance; adjusted net loss $21M.
- CASM 9.49 cents (-5% YoY); adjusted CASM ex-fuel 6.71 cents (+1%, but -3% stage-adjusted to 1,000 miles).
- Revenue $865M (+2%) on 8% capacity growth; RASM 9.16 cents (-5%); load factor 73% vs 83% YoY.
- Launched BizFare, UpFront Plus, reimagined Frontier Miles; World Mastercard rated best budget airline card by Money.com.
- Fleet 142 aircraft, 80% A320neo family; six A321neo deliveries in Q1; 204 future commitments (67% A321neo).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670076/000167007624000077/0001670076-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670076/000167007624000077/fron-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001670076-24-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer