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The airline reported a consolidated operating profit of USD5.6m and a net profit of USD1.1m for the quarter. Excluding special items Frontier recorded an operating profit of USD14.3m and a net profit of USD7.6m. Special items for the quarter ended 31 December 2008 included non-cash mark-to-market losses on fuel hedge contracts of USD8.7m; charges of USD0.4m on early extinguishment of debt; and a gain of USD2.7m in reorganisation activities, including USD8.1m on the sale of four Airbus A319 aircraft and expenses of USD5.4m. Mainline passenger unit revenue for the quarter ended 31 December 2008 rose 7.2% over the same period of the previous year, while total mainline unit revenue showed an increase of 10.2%. The load factor for the quarter increased by 3.9 percentage points compared to the quarter ended 31 December 2007. Under Chapter 11 bankruptcy protection, it is a requirement that Frontier files Monthly and Quarterly Operating Reports. Comments on this story may be sent to aii.feedback@m2.com For full details for FRNTQ click here.
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