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Frontier Airlines first quarter net loss of $26 million, receives four A321neo from AviLease
Frontier Airlines has reported a net loss of $26 million for the first quarter, up from its net loss of $13 million in last year’s first quarter. Though, its revenues were up 2% year-on-year (YoY) to $865 million. Its total operating expenses were $896 million, up from $873 million in the first quarter of last year. It ended the quarter with $622 million in unrestricted cash and cash equivalents, up $13 million from the end of last year. “Rigorous cost and revenue management contributed to first quarter results which exceeded expectations,” said Frontier CEO Barry Biffle. “We expect results in
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