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Stock impact report

Frontier Airlines Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Frontier Group Holdings, Inc. (ULCC) 
Company Research Source: Yahoo! Finance
results for the first quarter of 2024 and issued guidance for the second quarter and full-year 2024. First Quarter 2024 Summary: Total operating revenues were $865 million , 2 percent higher than the comparable 2023 quarter, on capacity growth of 8 percent Cost per available seat mile ("CASM") was 9.49 cents , a reduction of 5 percent over the comparable 2023 quarter Adjusted CASM (excluding fuel), a non-GAAP measure, was 6.71 cents , on a 9 percent shorter average stage length; adjusted CASM (excluding fuel) on a stage-adjusted basis to 1,000 miles, a non-GAAP measure, was 3 percent lower than the comparable 2023 quarter Pre-tax loss and adjusted (non-GAAP) pre-tax loss were each $24 million ; pre-tax margin and adjusted (non-GAAP) pre-tax margin were each (2.8) percent, reflecting better than expected cost and revenue performance Took delivery of six A321neo aircraft during the first quarter, increasing the proportion of the fleet comprised of the more fuel-efficient A32 Show less Read more
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