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Frontier Airlines

Frontier Airlines: $2.4M April net profit

May 28, 2009

DENVER — Frontier Airlines Holdings Inc. is reporting a net profit of $2.4 million for April, compared with a net loss of $26.9 million for April 2008.

Frontier President and CEO Sean Menke says the airline is seeing the payoff of restructuring and cost-cutting in the past year since it sought Chapter 11 bankruptcy protection.

The company said Thursday that it would have reported net income of $3.4 million for last month, excluding $1.1 million in expenses directly associated with bankruptcy.

Menke credits Frontier's three-level fare offerings and ancillary fees for helping boost revenue figures.

Frontier's main hub is in Denver.

Frontier Airlines: $2.4M April net profit
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Source: AP

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