Frontier Group reports Q4 EPS 18c, consensus 17c

Reports Q4 revenue $906M, consensus $937.54M. "Fourth quarter results were strong, underpinned by record ancillary revenue and meaningful improvements in CASM and utilization," commented Barry Biffle, CEO. "Moving into 2023, we intend to bolster our competitive edge by driving further improvement in ancillary revenue per passenger and unit costs. Today, our total cost advantage over the industry average is wider than it was in 2019, and I expect it will widen further this year. With these contributing factors, I’m confident we’re on track to return the airline to the pre-pandemic profit levels per plane on a run-rate basis in the second half of 2023."