Frontier raises Q3 2024 adjusted pre-tax margin guidance to 0% to (2)%, improving 3.5pp

Frontier Group Holdings, Inc.

Adjusted pre-tax margin now 0% to (2)% vs prior (3)% to (6)%; midpoint improves 3.5 percentage points.
Adjusted non-fuel operating expenses lowered to $690-$705M from prior $700-$720M.
Capacity growth tightened to 4% to 5% (prior 4% to 6%); fuel cost guided $2.62-$2.67 per gallon.
Improvement driven by stronger revenue from capacity moderation, 'The New Frontier' initiatives, and network redeployment.

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