Frontier Airlines expects to lose money in the December quarter, the carrier announced today.
Frontier had previously reported that it expected to break even in the December quarter, but now expects a loss of 12 cents to 17 cents per share in the quarter. The reason, according to a written statement from Frontier chief executive Jeff Potter, is “November’s softer-than-expected passenger traffic combined with higher-than-expected fuel costs in December.”
The anticipated loss is an improvement from the year-ago quarterly loss of 25 cents excluding special items.
Frontier also reported today that its planes averaged 72.8 percent full in November, down from 73.5 percent a year ago. Capacity measured in available seat miles was up 13.4 percent while traffic measured in revenue passenger miles was up 12.3 percent.
Passenger revenue per available seat mile, a measure of airline financial performance, was up 1.1 percent from November 2005.
Staff writer Kelly Yamanouchi can be reached at 303-954-1488 or at kyamanouchi@denverpost.com .
