By Denny Jacob
Frontier Group Holdings posted higher-than-expected revenue in its latest quarter, a sign that broad travel demand is lifting all carriers throughout the industry.
The parent company of Frontier Airlines logged net income of $54 million, or 23 cents a share, compared to a loss of $37 million, or 17 cents a share, a year earlier.
Stripping out certain one-time items, earnings also came in at 23 cents a share. Analysts polled by FactSet expected 13 cents a share.
Revenue rose to $1 billion from $891 million. Analysts polled by FactSet expected $984.3 million.
Revenue per available seat mile, or RASM, came in at 10.23 cents, a 15% increase from the prior-year period. Frontier attributed the gains to capacity deployment focused on peak days of the week and overall moderation in industry capacity growth, among other factors.
Chief Executive Barry Biffle said revenue and network initiatives contributed to record fourth quarter revenue. He added that this sets Frontier on a trajectory for significant RASM growth in 2025.
Frontier forecast adjusted earnings per-share to be in the range of breakeven to 7 cents in the first quarter. Analysts polled by FactSet expected an adjusted loss of 4 cents a share.
The Denver company guided for at least $1 a share in adjusted earnings for 2025.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 07, 2025 08:26 ET (13:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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