Frontier forecasts better-than-expected quarterly profit on improving fares
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Frontier Group Holdings forecasts a better-than-expected fourth-quarter profit, projecting adjusted earnings of 4 to 20 cents per share, surpassing analysts' expectations of 10 cents. This improvement is attributed to rising air fares and strategic capacity cuts. Despite a third-quarter loss of 34 cents per share and a 5% drop in operating revenue to $886 million, the airline plans to enhance its offerings, including first-class seating by 2026 and aims to double loyalty revenue. Frontier also anticipates the delivery of new aircraft financed through sale-leaseback transactions.
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