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Frontier Airlines on Tuesday warned it would post a wider-than-expected loss in the third quarter because of storm-related expenses in December and fewer passengers on some routes to sunny destinations.
It was the second time in the past month that Frontier has revised its forecast for the October-December quarter. It predicted a pretax loss between 78 cents and 88 cents a share excluding special items versus a Dec. 5 guidance of a pretax loss of 58 to 68 cents per share excluding special items.
Frontier chief executive Sean Menke cited higher-than-expected operating expenses related to storms.
The Associated Press
