earnings
confidence high
sentiment neutral
materiality 0.70
Frontier Q3 revenue up 6% to $935M; adjusted pre-tax loss $10M; expects double-digit margins by summer 2025
Frontier Group Holdings, Inc.
2024-Q3 EPS reported
$0.14
revenue$2,773,000,000
- Total operating revenue $935M, +6% YoY on 4% capacity growth; RASM 9.28 cents, +2%.
- GAAP pre-tax income $27M (2.9% margin); adjusted pre-tax loss $10M (1.1% margin).
- Adjusted CASM ex-fuel on stage-length basis down 4% YoY; new $205M loyalty-backed revolver.
- Fleet: 153 aircraft, 81% A320neo family; deferred 2025-2028 deliveries to 2029-2031.
- Received $40M legal settlement in October; total liquidity $781M as of Sep 30.