DENVER (AP) — DENVER (AP) — Frontier Group Holdings Inc. (ULCC) on Wednesday reported a loss of $90 million in…
DENVER (AP) — DENVER (AP) — Frontier Group Holdings Inc. (ULCC) on Wednesday reported a loss of $90 million in its second quarter.
On a per-share basis, the Denver-based company said it had a loss of 39 cents. Losses, adjusted for non-recurring costs, came to 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The discount airline posted revenue of $1.28 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.22 billion.
For the current quarter ending in September, Frontier Group expects its results to range from a loss of 10 cents per share to earnings of 10 cents per share.
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