Stock Track | Frontier Group Plunges Pre-Market on Q3 Earnings Miss

Stock Track10-29 20:26

Shares of Frontier Group Holdings, Inc. (ULCC) plummeted over 5% in pre-market trading on Monday, following the airline's disappointing third-quarter 2024 earnings report.

Frontier Group reported adjusted earnings per share of -$0.05 for the quarter, missing analysts' consensus estimate of -$0.03. The company also fell short on the revenue front, posting $935 million in sales compared to the expected $942.13 million.

The underwhelming financial results suggest that the budget airline may be facing challenges in navigating the oversupplied industry capacity and intense competition. Investors reacted negatively to the earnings miss, sending Frontier's shares down over 5% in the pre-market session.

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