Frontier Group Holdings (ULCC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 76.92%. A quarter ago, it was expected that this discount airline would post a loss of $0.02 per share when it actually produced a loss of $0.05, delivering a surprise of -150%.Over the last four quarters ...

DENVER, Feb. 7, 2025 /PRNewswire/ -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the fourth quarter and full year 2024, including record revenue, and issued guidance for the first quarter and full year 2025. Highlights: Pre-tax margin and adjusted (non-GAAP) pre-tax margin were both 5.1 percent for the fourth quarter Ended the year with $935 million of total liquidity, bolstered by the Company's undrawn revolving line of cred ...

Frontier Airlines Reports Solid Fourth Quarter 2024 Financial Results on Record Revenue DENVER - February 7, 2025 - Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the fourth quarter and full year 2024, including record revenue, and issued guidance for the first quarter and full year 2025. Highlights: "Our revenue and network initiatives contributed to record fourth quarter revenue, setting us on a trajectory for significant year- ...

NEW YORK, Feb. 5, 2025 /PRNewswire/ -- In an era of algorithms, data overload, and advertising that often leaves audiences numb, DDB Worldwide is taking a stand for emotion with the launch of the Feels Barometer—a first-of-its-kind global tool designed to measure, decode, and harness human feelings at scale."We are in a crisis of marketing effectiveness," said Tomas Gonsorcik, Global Chief Strategy Officer at DDB Worldwide. "Brands are spending more but moving people less. The Feels Barometer is our antidot ...

Spirit Airlines said Wednesday it has rejected a bid from rival Frontier Group as it was not favorable for the low-cost carrier and expects to exit bankruptcy in the first quarter.Frontier offered Spirit shareholders $400 million in debt and a 19% stake in Frontier earlier this month, Spirit said in a regulatory filing.The proposal implied a total consideration of about $2.16 billion, Frontier said in a letter to Spirit that was made public along with the filing.Frontier’s rejected bid to Spirit included of ...

Key TakeawaysSpirit Airlines has rejected a renewed offer from Frontier Airlines, instead opting to continue with its bankruptcy restructuring.The sides detailed new communications from the last several weeks in SEC filings on Wednesday.Spirit said Frontier's new offer still has "many deficiencies," while Frontier says it would provide more value to creditors and shareholders than Spirit's current bankruptcy plan. Spirit Airlines said in regulatory filings Wednesday that it is rejecting the latest merger of ...

Frontier Group Holdings ULCC has proposed a merger with Spirit Airlines SAVEQ through newly issued debt and stock, offering higher recoveries for Spirit’s stakeholders than its standalone restructuring plan.By combining, Spirit investors would benefit from a stronger low-cost carrier and significant synergies. Frontier remains open to further discussions with Spirit and its financial stakeholders.“While we are pleased with the strong results Frontier has been able to deliver through the execution of our bus ...

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.Frontier Airlines said Wednesday it has again proposed merging with Spirit Airlines, which is in bankruptcy.Frontier and Spirit first announced a deal to merge in 2022, but a JetBlue Airways offer later derailed that plan. JetBlue's acquisition of Spirit was blocked by a federal judge last year, and Spirit filed for bankruptcy protection in November.Fronti ...

Proposed Transaction Delivers Higher Recoveries for Spirit Financial Stakeholders, Including Shareholders, Than Spirit Standalone Plan of Reorganization Frontier Stands Ready to Continue Constructive Discussions with Spirit and its Financial Stakeholders DENVER, Jan. 29, 2025 /PRNewswire/ -- Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc. today confirmed it made a compelling proposal to combine with Spirit Airlines, Inc. ("Spirit") through the issuance o ...

DENVER, Jan. 23, 2025 /PRNewswire/ -- Frontier Group Holdings, Inc. (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., will be releasing its fourth quarter and full year 2024 financial results before the market opens on Friday, February 7, 2025, as previously announced on January 6, 2025 in an 8-K filing with the Securities and Exchange Commission.Management will host a live webcast with analysts to discuss these results the same day at 11:00am EST. The webcast will be available to the public on a l ...