DENVER (AP) -- Frontier Airlines Holdings Inc. has reported a net loss of $20.5 million for October as the company works to emerge from bankruptcy protection, citing large losses stemming from fuel hedging activities and reorganization.
Denver-based Frontier said Friday the October results included $7.4 million in mark-to-market losses on fuel hedges plus $1.5 million in reorganization expenses. Without those, Frontier's loss would have totaled $11.6 million.
The company's operating loss amounted to $15.9 million.
Frontier President and CEO Sean Menke says the October figures were reflective of "a seasonally low month for the airline industry," but that the performance was "in accordance with our plan."
Frontier filed for Chapter 11 bankruptcy protection in April.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus