Frontier Airlines states that it experienced strengthening demand for leisure travel during the second quarter of 2021, with capacity exceeding the levels achieved in the comparable pre-COVID quarter in 2019. Total operating revenues for the second quarter of 2021 totaled $550 million, an increase of 184% compared to the second quarter of 2020. The company was profitable on a GAAP basis – Frontier reported $19 million of net income on a GAAP basis during the quarter – and ended the quarter with $936 million of unrestricted cash and cash equivalents, the highest cash balance in its history. Frontier’s capacity during
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