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Frontier Airlines has reported a $1.5 million operating profit for February, the fourth straight month of operating profit.

The Denver-based airline, which filed for bankruptcy protection a year ago, also reported in its monthly operating report to the U.S. trustee a consolidated net loss of $3.2 million for February.

Excluding non-cash fuel- hedge transactions, Frontier would have reported an operating loss of $2.6 million, and excluding reorganization cost, the company would have had a $4.8 million consolidated net loss.

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