Frontier Reports Wider Loss, To Sell Four Jets
Frontier Airlines reported a wider quarterly loss on Thursday, citing mainly higher fuel costs and losses from its regional jet operation.
Also, Frontier said it would sell four of its nearly two dozen Airbus jets to slow its capacity growth and improve its cash position. The carrier said it was confident the sales would close in the coming months.
Frontier reported a net loss of USD$32.5 million, for the quarter ending December 31, compared to a consolidated net loss of USD$14.4 million for the same period last year.
Frontier President and Chief Executive Sean Menke said the results were "clearly unacceptable."
Other US carriers have reported quarterly losses largely as a result of record fuel costs.