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.