Frontier Airlines records $13 million loss but highest-ever Q1 revenue

US carrier Frontier Airlines reported record first quarter 2023 revenue of $848 million but a loss for the period of $13 million. Revenue was up 40% year-on-year and resulted in a 19% increase in revenue per available seat mile RASM, with capacity 18% higher. Ancillary revenue came to $80 per passenger, $11 more than in 2022. The RASM increase was driven by a nine percentage-point year-on-year increase in load factor to 82.8% and an 11% increase in revenue per passenger to $124. The airline reported a pre-tax margin of negative 2%, or and 1.9% on an adjusted basis, as it