Frontier Airlines posts $30.4 million loss
By Chris Walsh, Rocky Mountain News (Contact)
Published November 15, 2008 at 12:05 a.m.
High fuel costs over the summer offset strong traffic numbers for Frontier Airlines, contributing to a $30.4 million loss in the carrier's fiscal second quarter.
The deficit compares with $17.3 million in net income during the same period in 2007, which at the time ranked as its largest profit in seven years.
Frontier released its official second-quarter results Friday. The carrier has already provided much of the information through separate monthly operating reports.
Revenues dipped 2.5 percent to $364 million compared with the same period last year on a decrease in capacity. Frontier also reported an operating loss of $5.8 million compared with a profit of $22.8 million a year earlier. The company's turboprop subsidiary - Lynx Aviation - accounted for about $2.5 million of that loss.
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