America's largest budget airline reports 71% jump in airfare
Frontier Airlines reported a 71% jump in airfare for the third quarter and said customers continue to book
TL;DR
- Frontier Airlines' airfare increased by 71% in the third quarter.
- Total revenue per passenger rose 30% to $138.22, including fees.
- Passenger count increased by 18% to over 9.8 million.
- The airline widened its third-quarter loss to $104 million.
- Fuel costs increased by 82% to $425 million.
- Frontier forecast potential adjusted profit in the fourth quarter.
- Record jet fuel prices are eroding profits for airlines, including Frontier and Delta.
- Frontier is now the largest discount carrier in the U.S., surpassing Spirit Airlines.