Frontier Airlines reports strong Q3 2012 results
Frontier Airlines recently announced its operations results for the third quarter ending September 30, 2012 and was quite optimistic at the strong showings.
The Denver-based carrier said that the sale of Frontier Airlines flights tickets was remarkable leading to yet another profitable quarter this year.
The airline in a statement said that it posted pre-tax revenue earnings of $29.8 million for Q3 2012, a significant increase from a pre-tax loss of $1.5 million for the same period in 2011.
Republic Airways Holdings Inc., the parent company of Frontier Airlines, said that a 1.1 percent increase in revenue, along with sharp decline in fuel costs and operating unit costs were significant factors in driving up the profit.
According to Frontier Airlines, its revenue earnings increased to $375.7 million for Q3, while the load factor increased 0.8 points to 91.6 percent.
The airline also reported a sharp decline in fuel costs. The fuel costs were $135.4 million for Q3 this year, an $11.3 million decline as compared to the same period in 2011.