Frontier restates Q3 guidance

In line with other US carriers, Frontier Airlines, has updated previously issued guidance for the third quarter of 2023, to reflect both a “recent significant unexpected change in the booking trajectory along with higher fuel prices and a greater volume of recent operational cancellations than forecast”. In recent weeks, sales have been trending below historical seasonality patterns, says Frontier, adding that fuel prices for the quarter are expected to average approximately 23 cents per gallon more than previously forecast. Operational cancellation levels have also been “elevated relative to management’s earlier guidance for the quarter driven in part by the impact