Frontier Group Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
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Frontier Group Holdings Inc reported a quarterly adjusted loss of 19 cents per share for the quarter ended March 31, compared to a loss of 9 cents in the same quarter last year. Revenue increased by 5.4% to $912 million, below analyst expectations of $938.19 million. The company incurred a quarterly loss of $43 million and its shares fell by 31.3% this quarter. Analysts have downgraded earnings estimates significantly, with a current average rating of "hold" and a median 12-month price target of $4.00.
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