Frontier Group Reports Mixed Q1 Earnings; Initiates Q2 and Updates FY23 Outlook

Seeking Alpha2023-05-04

Frontier Group press release (NASDAQ:ULCC): Q1 GAAP EPS of -$0.06 beats by $0.02.Revenue of $848M (+40.2% Y/Y) misses by $7.6M.Ancillary revenue per passenger for the first quarter was $80, 15 percent...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1135849115?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-04 09:56","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"1135849115","market":"us","top_or_hot":-1,"title":"Frontier Group Reports Mixed Q1 Earnings; Initiates Q2 and Updates FY23 Outlook","media":"Seeking Alpha","content":"<div>\n<p>Frontier Group press release (NASDAQ:ULCC): Q1 GAAP EPS of -$0.06 beats by $0.02.Revenue of $848M (+40.2% Y/Y) misses by $7.6M.Ancillary revenue per passenger for the first quarter was $80, 15 percent...</p>\n\n<a href=\"https://seekingalpha.com/news/3965199-frontier-group-reports-mixed-q1-earnings-initiates-q2-and-updates-fy23-outlook\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frontier Group Reports Mixed Q1 Earnings; Initiates Q2 and Updates FY23 Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrontier Group Reports Mixed Q1 Earnings; Initiates Q2 and Updates FY23 Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-04 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3965199-frontier-group-reports-mixed-q1-earnings-initiates-q2-and-updates-fy23-outlook><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Frontier Group press release (NASDAQ:ULCC): Q1 GAAP EPS of -$0.06 beats by $0.02.Revenue of $848M (+40.2% Y/Y) misses by $7.6M.Ancillary revenue per passenger for the first quarter was $80, 15 percent...</p>\n\n<a href=\"https://seekingalpha.com/news/3965199-frontier-group-reports-mixed-q1-earnings-initiates-q2-and-updates-fy23-outlook\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ULCC","symbol_name":"Frontier Group Holdings, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/3965199-frontier-group-reports-mixed-q1-earnings-initiates-q2-and-updates-fy23-outlook","article_id":"1135849115","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135849115","pubTimestamp":1683165362,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Frontier Group press release (NASDAQ:ULCC): Q1 GAAP EPS of -$0.06 beats by $0.02.Revenue of $848M (+","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ULCC":"Frontier Group Holdings, Inc."},"translate_title":"Frontier Group报告第一季度收益喜忧参半；启动Q 2并更新FY 23 Outlook","themeId":"ec9f6f0df2b6498587e7f5318b2eff2b","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ULCC":0.9},"content_text":"Frontier Group press release (NASDAQ:ULCC): Q1 GAAP EPS of -$0.06 beats by $0.02.Revenue of $848M (+40.2% Y/Y) misses by $7.6M.Ancillary revenue per passenger for the first quarter was $80, 15 percent higher than the 2022 quarter.Utilization averaged 11.8 hours per day in March 2023.Ended the quarter in a strong liquidity position with $790 million of unrestricted cash and cash equivalents.As of March 31, 2023, Frontier had a fleet of 125 Airbus single-aisle aircraft.Guidance: Accordingly, full-year capacity is anticipated to grow 19 to 22 percent over 2022, while second quarter capacity is expected to grow 22 percent to 24 percent over the 2022 quarter.Fuel costs in the second quarter are expected to be $2.65 to $2.75 per gallon and $2.80 to $2.90 per gallon for full-year 2023 based on the blended fuel curve on April 24, 2023.Adjusted (non-GAAP) total operating expenses (excluding fuel) for the second quarter are anticipated to be $645 to $665 million and $2,500 to $2,550 million for full-year 2023.The effective tax rate for both the second quarter and full-year 2023 is estimated to be approximately 24 percent.Adjusted (non-GAAP) pre-tax margin (excluding special items) in the second quarter is expected to be in the range of 7 percent to 10 percent, 10 percent to 13 percent in the second half of 2023 and 7 percent to 9 percent for full-year 2023.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135849115"}