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The latest update is out from Frontier Group Holdings ( (ULCC) ).
Frontier Group Holdings, parent of Frontier Airlines, has provided a positive update on its expected financial performance for the third quarter of 2024, with an improved pre-tax margin forecast now ranging from 0% to a 2% loss, thanks to higher-than-anticipated revenue. This improvement is largely due to successful capacity growth moderation and strategic initiatives under ‘The New Frontier’ plan, along with lower non-fuel operating expenses. These encouraging predictions come ahead of the detailed guidance for the fourth quarter and the full year, which will be unveiled with the third-quarter results.
For a thorough assessment of ULCC stock, go to TipRanks’ Stock Analysis page.