Frontier Airlines Reports Profit In December

By: Associated Press
By: Associated Press

DENVER (AP) -- Frontier Airlines Holdings Inc. says it earned $18.7 million in December and had a net profit of $1.1 million for the quarter.

It was the most profitable December for the airline, which has slashed jobs, flight capacity and expenses as it works to emerge from Chapter 11 bankruptcy protection.

Excluding special items such as reorganization expenses and the sale of two aircraft, the Denver-based airline said Wednesday that its net income would have been $17 million for the month and $7.7 million for the quarter ending Dec. 31.

In the same quarter a year earlier, Frontier reported a net loss of $32.5 million.

It said total mainline unit revenue rose 10.2 percent in the quarter, year-over-year.

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