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Frontier Lifts Fares 71% and Sets Revenue Record, but Losses Persist
Frontier Airlines reported record quarterly revenue of nearly $1.4 billion, up more than 50% year on year, as average fare revenue per passenger jumped 71% — yet the carrier still booked a $104 million net loss.
Frontier disclosed the mixed results on Wednesday, pairing its strongest quarterly top line to date with a net loss of $104 million.
Revenue reached almost $1.4 billion, more than 50% higher than the same period a year earlier. Average ticket fare revenue per passenger climbed 71%, and the airline carried nearly 1.5 million more travelers than it did a year before.
Higher prices have not deterred bookings. Frontier is charging substantially more than it was a year ago, and passengers are still filling seats.
A central factor is the disappearance of the carrier's closest competitor. Spirit Airlines ceased flying in May after two Chapter 11 bankruptcies, pulling a major source of discount seats out of popular leisure markets.
That reduced competition has given Frontier room to raise fares and attract more passengers, but the advantage has yet to translate into meaningful profit.