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Frontier-$5.5 Million Profit In 3rd Quarter!

Sat Jan 31, 2004 12:53 pm

On Thursday Frontier Airlines reported third-quarter net income of $5.5 million, the third consecutive quarter the discount carrier has posted a profit. The Denver-based company attributed the profit of 14 cents a share to a busy holiday season. Frontier reported a $6.4 million loss, or 21 cents a share, for the same period a year ago. "In a quarter that has seen very few airlines report profitable results, we are very pleased to report our third consecutive profitable quarter," said Jeff Potter, Frontier president and chief executive officer.

The third-quarter net income included the write-off of deferred loan costs of $1.1 million for prepaying the remaining $11.6 million balance of a government guaranteed loan. Frontier said it was the first and, so far, only airline to repay the loan.

Is this the sign of good times ahead for Frontier?
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InnocuousFox
Posts: 2556
Joined: Sat Dec 06, 2003 1:30 am

RE: Frontier-$5.5 Million Profit In 3rd Quarter!

Sat Jan 31, 2004 3:13 pm

"Is this the sign of good times ahead for Frontier?"

Damn right it is! I'm very impressed with what they have been doing lately.
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AirVB
Posts: 266
Joined: Mon Aug 04, 2003 4:21 am

RE: Frontier-$5.5 Million Profit In 3rd Quarter!

Sat Jan 31, 2004 3:16 pm

That's great news for F9-just flew on them and had a great experience. Keep up the good work!

AirVB
 
DLKAPA
Posts: 7962
Joined: Wed Dec 03, 2003 10:37 am

RE: Frontier-$5.5 Million Profit In 3rd Quarter!

Sat Jan 31, 2004 3:41 pm

And out of the gate it's WN with the lead B6 coming a hard second and, WHAT'S THIS?! F9 LOOKS READY TO CHOP AT B6's HEELS! oh it's a good day at the races!

DLKAPA
And all at once the crowd begins to sing: Sometimes the hardest thing and the right thing are the same

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