Frontier closes Q2, 2023 on a strong note with cash balance of $780 million

Frontier Group achieved a total operating revenues of $967 million, 6% higher as compared to 2022 quarter. The Group recently released its financial results for second quarter (Q2) of 2023 and issued guidance for the third quarter and full year 2023. The Group realized a pre-tax margin of 9.1% and ancillary revenue of $80 per passenger, $5 higher per passenger than the 2022 quarter Ancillary revenue per passenger for the second quarter was $80, six percent higher than the 2022 quarter. The Group recoded a total operating expense of $888 million, including $244 million of fuel expenses at an average