Well, I stand very much corrected. Frontier did much better than I predicted on another thread... and they beat the Wall Street analysts' expectations. They posted a net loss of $.06/share or ~$2 million. Their operating loss was about $600,000. Details at http://www.frontierairlines.com/news/articleDisplay.asp?article=/general/2004/pr_10282004.news.
Of note: they announced that the 737 fleet is history about 4 months early, on 4/11/05.
Load Factor: Mainline-72.9%, jetExpress-74.5%, Overall-73.1%
Breakeven load factor for mainline: 73.4% (didn't break out jetExpress)
CASM (with Fuel): Mainline 8.03cents, jetEx-12.35cents, Overall-8.35cents
Yield per ASM: Mainline 7.84cents, jetEx-11.48cents, Overall-8.11cents
Mainline CASM excluding fuel: 6.16cents
Other notes: Mainline avg stage length is up about 12% or so. Avg mainline seats/departure off a bit. Mainline utilization up about 12%, just like they said it would be. 1.98 million passengers carried systemwide last quarter, up about 23% or so. 233,000 pax on jetExpress, or about 11% of passengers. (Doing this math in my head, pardon my miscalculations. )
Overall, not a bad quarter for Frontier at all. Much, much better than I expected. Now, I want to hear how they've hedged for fuel going forward. Anyone know for sure? And, what routes get the ax when the 737s leave early?
[Edited 2004-10-29 04:17:04]