Frontier Group reports Q4 adjusted EPS (17c), consensus (23c)

Reports Q4 revenue $891M, consensus $893.33M. Cost per available seat mile was 8.93 cents, 10 percent lower than the comparable 2022 quarter, and adjusted CASM was 5.90 cents, 8 percent lower than the comparable 2022 quarter Achieved a 99.5 percent completion factor during the quarter, and the highest on-time arrivals and departures since 2015 in the month of December. “Fourth quarter results significantly outperformed guidance on strong operational performance and cost execution, providing a solid foundation as we enter 2024,” commented Barry Biffle, Chief Executive Officer. “Leveraging this momentum, we intend to expand profitability in 2024 by executing on our network simplification plan, focusing growth on overpriced and underserved markets, further diversifying our revenue stream, enhancing customer engagement, and further lowering our unit costs. I’m proud of Team Frontier for their outstanding performance and for their commitment to deliver Low Fares Done Right.”