Frontier Group Holdings, Inc. (ULCC) Tops Q3 EPS by 7c
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Frontier Airlines Reports Financial Results for the Third Quarter of 2021
November 10, 2021 4:06 PM ESTDENVER, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc., parent company of Frontier Airlines, Inc. (NASDAQ: ULCC), today reported its financial results for the third quarter of 2021.
Frontier was profitable in the third quarter on a GAAP basis, recognizing $23 million of net income. After adjusting for non-GAAP items, including $72 million of CARES Act credits and $1 million in early lease termination costs, Frontier recognized a net loss of $24 million. Frontier had 112 aircraft at the end of the quarter, 10 percent higher than the corresponding prior year period and 20 percent higher than the third... More
