Actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: the adverse impacts of the ongoing COVID-19 global pandemic, and possible outbreaks of another disease or similar public health threat in the future, on the Companys business, operating results, financial condition, liquidity and near-term and long-term strategic operating plan, including possible additional adverse impacts resulting from the duration and spread of the pandemic; unfavorable economic and political conditions in the states where the Company operates and globally; the highly competitive nature of the global airline industry and susceptibility of the industry to price discounting and changes in capacity; high and/or volatile fuel prices or significant disruptions in the supply of aircraft fuel; the Company's reliance on technology and automated systems to operate its business and the impact of any significant failure or disruption of, or failure to effectively integrate and implement, the technology or systems; the Companys reliance on third-party service providers and the impact of any failure of these parties to perform as expected, or interruptions in the Company's relationships with these providers or their provision of services; adverse publicity, harm to the Company's brand; reduced travel demand and potential tort liability as a result of an accident, catastrophe or incident involving the Company, its codeshare partners, or another airline; terrorist attacks, international hostilities or other security events, or the fear of terrorist attacks or hostilities, even if not made directly on the airline industry; increasing privacy and data security obligations or a significant data breach; further changes to the airline industry with respect to alliances and joint business arrangements or due to consolidations; changes in the Company's network strategy or other factors outside its control resulting in less economic aircraft orders, costs related to modification or termination of aircraft orders or entry into less favorable aircraft orders; the Company's reliance on single suppliers to source a majority of its aircraft and certain parts, and the impact of any failure to obtain timely deliveries, additional equipment or support from any of these suppliers; the impacts of union disputes, employee strikes or slowdowns, and other labor-related disruptions on the Company's operations; extended interruptions or disruptions in service at major airports where the Company operates; the impacts of seasonality and other factors associated with the airline industry; the Company's failure to realize the full value of its intangible assets or its long-lived assets, causing the Company to record impairments; any damage to the Company's reputation or brand image; the limitation of the Company's ability to use its net operating loss carryforwards and certain other tax attributes to offset future taxable income for U.S. federal income tax purposes; the costs of compliance with extensive government regulation of the airline industry; costs, liabilities and risks associated with environmental regulation and climate change; the Company's inability to accept or integrate new aircraft into the Company's fleet as planned; the impacts of the Company's significant amount of financial leverage from fixed obligations, the possibility the Company may seek material amounts of additional financial liquidity in the short-term and the impacts of insufficient liquidity on the Company's financial condition and business; failure to comply with the covenants in the Company's financing agreements, failure to comply with financial and other covenants governing the Company's other debt; changes in, or failure to retain, the Company's senior management team or other key employees; current or future litigation and regulatory actions, or failure to comply with the terms of any settlement, order or arrangement relating to these actions; increases in insurance costs or inadequate insurance coverage; and other risks and uncertainties set forth under "Risk Factors" in the Company's reports and other documents filed with the Securities and Exchange Commission (SEC), as well as other risks and uncertainties set forth from time to time in the reports the Company files with the SEC from time to time, including the Quarterly Report on Form 10-Q being filed at or around the date hereof. and Save 99% Off Select Nonstop Domestic Travel. Frontiers fleet is the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed. This addition coincides with the airlines commitment to create more sustainable flying options. Susan M. Donofrio Investor Relations Mar 24, 2021, 9:35 AM. Frontier is notorious for being extremely picky about personal items and requires each passenger to size their bag in a bin before getting on the plane. Bags heavier than 100 pounds or larger than 110 linear inches won't be accepted by Frontier Airlines. (b) As a result of an early termination and buyout agreement executed in May 2021 with one of the Companys lessors, Frontier was able to accelerate the removal of the remaining four A319 aircraft from its fleet. These non-GAAP financial measures have limitations as analytical tools. Denver-based Frontier Airlines recently recounted its many accomplishments of 2021. Route Map. Atlas Ocean Voyages recently created a new, open-air dining concept, Alma Alfresco, on its two expedition yachts. [16] Additionally, the Company believes this metric is a useful comparator because it removes certain items that may not be indicative of base operating performance or future results. Email us at [emailprotected]. frontier airlines uniform 2021. This can be an airline, cruise ship, train ticket, etc. (g) Represents the write-off of deferred initial public offering preparation costs during the first quarter 2020 due to the impact of the COVID-19 pandemic and the resulting uncertainty on the Companys ability to access the capital markets. A visa will be required for stays over 90 days. The Company's Adjusted CASM (excluding fuel) reflects cost discipline as well as lower utilization as the airline continues its recovery from the COVID-19 pandemic. The entry into service of the A321neo aircraft in the second half of 2022 will advance Frontier's structural advantage in fuel and operating expense efficiency versus the industry. Even though they're on their own, we'll be there to help every step of the way with our unaccompanied minor escort service. With this expansion, Orlando will be Frontier's largest station in terms of daily departures for the winter schedule. Full year 2021 capacity was approximately four percent lower compared to 2019, which, when contextualized with fourth quarter 2021 ASMs, highlights the recovery weighted to the back half of the year. The use of these aircraft, Frontiers seating configuration, weight-saving tactics and baggage process have all contributed to the airlines average of 43 percent fuel savings compared to other U.S. airlines (fuel savings is based on Frontier Airlines 2019 ASMs per fuel gallon consumed compared to the weighted average of major U.S. airlines), which makes Frontier the most fuel-efficient U.S. airline. This fuel efficiency reflects Frontiers operation of a large number of aircraft with new generation, fuel-efficient engines, lightweight seats, and an efficient seating layout. Frontier ended 2021 with a total fleet of 110 aircraft, which is six percent higher than the corresponding prior year period and 12 percent higher than the comparable pre-COVID quarter in 2019. These new items also make for the perfect Mothers Day gift for strong mothers everywhere. Frontier's average daily aircraft utilization increased from 10.1 hours per day in the second quarter of 2021 to 10.6 hours per day in the third quarter and the airline's fleet operated at a 77.4 percent load factor. Every Frontier aircraft features a special animal on its tail. We know pilots are the heart of our airline so we offer competitive benefits and flight privileges for you and your family. As of September 30, 2021, Frontier had a fleet of 112 Airbus single-aisle aircraft, consisting of 73 A320neos, 18 A320ceos, and 21 A321ceos. E99. As of September30, 2021, Frontier had a fleet of 112 Airbus single-aisle aircraft, consisting of 73 A320neos, 18 A320ceos, and 21 A321ceos. Reconciliation of Total Operating Expenses to Adjusted Total Operating Expenses($ in millions) (unaudited), __________________(a) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items.Reconciliation of EBITDA to EBITDAR and EBITDA to Adjusted EBITDAR($ in millions) (unaudited), __________________(a) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. at Purchase, Unaccompanied Minor Request For Carriage Form, New Bag These non-GAAP financial measures have limitations as analytical tools. Because of these limitations, determinations of the Companys operating performance or CASM excluding unrealized gains and losses, special items or other items should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. Housed in a former, early 20th-century cotton warehouse, canal-side LEVEN Manchester has a modern, industrial feel to it thanks to exposed brick walls and contemporary furnishings. _________________(a) The Company expects that demand will continue to recover as 2021 progresses and will monitor and adjust capacity levels as appropriate. For formal questions and concerns, please contact us here: https See more About Frontier Airlines: Frontier Airlines is committed to "Low Fares Done Right." Headquartered in Denver, Colorado, the company operates over 95 A See more 758,301 people like this We recognize that everyone's story is different and we believe that you deserve a travel experience that is unique to you. The Company retired the last of the A319 aircraft from its fleet during the year, increasing the proportion of the more fuel-efficient A320neo family aircraft to 66 percent of its total fleet. While the Company has adequate liquidity on its balance sheet, the Company estimates that there is approximately $1 billion of potential untapped liquidity associated with its loyalty programs and related brand assets, based on debt financings secured by similar assets engaged in by other airlines. Airlines. Frontiers quarterly earnings conference call is scheduled to be held today (November10, 2021) at 4:30 p.m. Eastern Time (USA). See footnote (b) under the caption Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss). 1 Share amounts included in the basic and diluted earnings (loss) per share calculations for the third quarter of 2021, as reflected in the Condensed Consolidated Statements of Operations, include the 15 million shares issued and sold by the Company as part of its initial public offering that closed on April 6, 2021, along with the impact of the 3.1 million warrants outstanding relating to CARES Act funding as calculated under the treasury stock method. The amounts represent the charge from de-designation and resulting mark to market impact on the quantities where consumption was not deemed probable. Privacy Policy. From becoming a publicly-traded company in April, to adding more than 130 routes and nearly ten international destinations to Frontiers route network, and ordering 91 new Airbus A321neo aircraft, weve demonstrated the incredible growth our Low Fares Done Right business model is capable of, said Barry Biffle, president and CEO, Frontier Airlines. Armed with a business model that succeeds in any economic climate, Frontier is poised to double in size over the next 5 years. Reconciliation of Non-GAAP Financial Information. Agents are available Monday-Friday from 6:00 a.m. to 9:00 p.m. MST, Saturday from 8:00 a.m. to 5:00 p.m. MST. Regardless of fare type purchased, we charge a $110 service fee per direction for each traveling unaccompanied minor to cover extra handling, a beverage, and a snack. It also saves time! Stylish and comfortable uniforms for ground staff . San Juan, PR - Punta Cana, Dominican Republic. Jennifer F. de la Cruz Corporate Communications __________________(a) Cost per ASM figures may not recalculate due to rounding(b) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. (a) Due to the significant reduction in demand resulting from the COVID-19 pandemic, future anticipated consumption of fuel dropped significantly and the Company therefore de-designated hedge accounting in March 2020 on the derivative positions where the future consumption was not deemed probable, which primarily related to the written put options on costless collars. The non-GAAP financial information is included to provide supplemental disclosures because the Company believes they are useful additional indicators of, among other things, its operating and cost performance. They sell so many tickets and end up canceling other peoples flights because there is no room available. Ability to travel in and out of the U.S. to all cities/countries served by Frontier Airlines, Inc. Ability and willingness to work weekends, nights, holidays and overnight trips, Ability and desire to maintain a well-groomed and professional appearance, Ability to pass pre-employment drug testing and background checks, Experience with sophisticated aircraft equipment including Electronic Flight Instrument Systems (EFIS) and Flight Management Systems (FMS) preferred. Frontiers fleet is the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed. (h) Represents the mark to market adjustment to the value of the warrants issued as part of the funding provided under the CARES Act. In accordance with the amended and restated phantom equity agreement, the remaining phantom equity obligation became fixed as of December 31, 2019 and is no longer subject to valuation adjustments. Nov. 10, 2021 | 3:27. The ONLY airline rating that includes Safety, Product and COVID-19 safety ratings! Frontier Airlines is a major ultra-low-cost U.S. airline headquartered in Denver, Colorado. Frontier Airlines Coupons & Promo Codes Submit a Coupon Save with 7 Frontier Airlines Offers. Airlines were hit hard in 2020 by the pandemic, with Frontier reporting a loss of $225 million for the year on revenue of $1.25 billion. BOOK YOUR FLIGHT TODAY! The repayment of this loan unencumbered the Companys co-branded credit card program and related brand assets that secured the Treasury obligation and makes those assets available to access substantial additional liquidity, if needed, based on similar debt financings by other airlines. Frontier Airlines Reports Fourth Quarter and Full Year 2021 Financial Results, (unaudited, in millions, except for percentage and per share amounts), Average daily aircraft utilization (hours), Revenue passenger miles (RPMs) (millions), Non-fare passenger revenue per passenger($), Total revenue per available seat mile (RASM)(), Derivative de-designation and mark-to-market adjustment, Collective bargaining contract ratification, Cares Act grant recognition and employee retention credits, Write-off of deferred registration statement costs due to significant market uncertainty, CARES Act mark-to-market impact for warrants, Tax benefit (expense) related to non-GAAP adjustments, Derivative de-designation and mark to market adjustment, CARES Act mark to market impact for warrants. This resulted in an adjusted CASM (excluding fuel) of 6.55 cents during the quarter compared to 5.57 cents in the third quarter of 2019. Privacy Frontiers adjusted total operating expenses, excluding fuel, were $509 million, reflecting lower employee and station-related costs. Because of these limitations, determinations of the Companys operating performance or CASM excluding unrealized gains and losses, special items or other items should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. Name Job title Regular pay Overtime pay Other pay Total pay Benefits Pension debt Total pay & benefits Frank Luckino: City Manager Twentynine Palms, 2021: $0.00: Troy Clark: Community Development Director Twentynine Palms, 2021: $0.00 Ukrainian brand Kachorovska recently launched its newest collection in honor of the first anniversary of the Russian invasion. Added bases like Tampa (TPA) and Atlanta (ATL) expanded the companys local benefit with new jobs and more attractive base options for team members. Book your flights from the United States with the airline that will take care of your needs so . The new collection highlights gold as the new black and features luxury shoes, purses and clothing to inspire and empower all women. David Erdman, Investor Relations We are committed to highlighting and helping preserve the unique and extraordinary animals found throughout North America. Frontiers fleet continues to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed, generating almost 100 ASMs per gallon during the third quarter of 2021. For all travelers, other than Costa Rican citizens, a ticket for onward or return travel is mandatory. These non-GAAP financial measures may be presented on a different basis than other companies using similarly titled non-GAAP financial measures. (b) As a result of an early termination and buyout agreement executed in May 2021 with one of the Companys lessors, Frontier was able to accelerate the removal of the remaining four A319 aircraft from its fleet. But the sector has bounced back in 2021 on optimism that . As the recovery from the pandemic continues to unfold and utilization levels normalize, the resulting capacity benefit on the Company's fleet, which had 21 percent more aircraft in service in the third quarter of 2021 compared to the corresponding pre-COVID quarter in 2019, is expected to favorably impact the Company's Adjusted CASM (excluding fuel) in 2022 and beyond. San Juan, PR - Raleigh, NC. "This quarter reflected another step in our path to recovery, with the business remaining resilient in managing the dynamic nature of the pandemic," said Barry Biffle, Frontier's president and CEO. During courtesy boarding, one of our representatives will escort your child onto the plane, assist with any carry-on luggage, and introduce your child to the crew. It's our mission to make that experience easy, affordable and enjoyable. Summer Pass from ultra-low, DENVER January 31, 2023 Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) today announced a major expansion of service to Puerto Rico, Frontier Airlines Automatically Seats Children with a Family Member or Adult in Their Party, Frontier Airlines and Pratt & Whitney Name GTF-powered A321neo Edward the Bald Eagle, in Honor of Late Tuskegee Airman Edward Hall, Frontier Airlines Launches GoWild! Frontier Airlines makes the sky for everyone with its Low Fares Done Right. Flyfrontier.com. Executed an order of 91 additional A321neo aircraft in November 2021 which are scheduled for delivery between 2023 and 2029. About Frontier Airlines. (g) Represents the write-off of deferred initial public offering preparation costs during the first quarter 2020 due to the impact of the COVID-19 pandemic and the resulting uncertainty on the Companys ability to access the capital markets. During the fourth quarter, we increased our capacity, departures, fuel efficiency and level of ancillary revenue per passenger versus the comparable pre-COVID period. FXExpress Traveler of the Year Contest 2023. (b) Represents aircraft rent expense included in Adjusted EBITDA. Reconciliation of Non-GAAP Financial Information. Download for free to enhance your experience in MSFS 2020. Will you book a trip on Frontier Airlines this year? Very bad service and rude people, flight was canceled last minute because they sell and sell tickets without acknowledging the people that might not make it to their flight. Learn more about our business model at Why Fly Frontier! Frontier enables people to go places they never expected, whether to our main hub in Denver or to our international locations in Mexico, Puerto Rico, Jamaica, Guatemala . Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. With over 100 destinations and a route network that connects people to all corners of the country. "Reconciliation of CASM to Adjusted CASM (excluding fuel) and Adjusted CASM including net interest (unaudited). The Company incurred $11 million in aircraft rent and depreciation costs during the year ended December31, 2021 relating to the acceleration and resulting changes to its lease return obligations. Subscribe to have AirlineRatings.com Newsletter delivered to your inbox! (d) Represents $15 million of costs related to a one-time contract ratification incentive, plus $3 million in payroll-related taxes and certain other compensation and benefits-related accruals earned through March 31, 2019 and committed to by the Company as part of a tentative agreement with the union representing the Company's flight attendants that was reached in March 2019 for a contract that was ratified and became effective in May 2019. During September, the airline experienced a normalization of volume levels, but at discounted fares. The warrants are expected to be part of the Company's diluted share count under the treasury stock method in future quarters. With nearly 30 million overseas residents recorded visiting the United Kingdom in 2022, according to Statista, this number is expected to climb another 5 million this year, surpassing 2019 numbers. How important is an airlines commitment to sustainable travel to you? The airline lost $225 million last year after bringing in $1.25 billion in . DENVER, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc., parent company of Frontier Airlines, Inc. (NASDAQ: ULCC), today reported its fourth quarter and full year 2021 financial results. These forward-looking statements are based on the Companys current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. This brings the airline's total fleet count to 112 aircraft, which is 10 percent higher than the prior year. After becoming publicly traded last April, Frontier Airlines continued to see more growth as the airline heads into another year. The non-GAAP financial information is included to provide supplemental disclosures because the Company believes they are useful additional indicators of, among other things, its operating and cost performance. OFF. The use of these aircraft, Frontiers seating configuration, weight-saving tactics and baggage process have all contributed to the airlines average of 43 percent fuel savings compared to other U.S. airlines (fuel savings is based on Frontier Airlines 2019 ASMs per fuel gallon consumed compared to the weighted average of major U.S. airlines), which makes Frontier the most fuel-efficient U.S. airline. Arctic Cold Front Cancels More Than 1,200 U.S. Flights: How Will This Affect Travel in the Coming Days? We offer valuable opportunities to our pilots including a. The place to go for official Frontier merchandise! Valid Passport, with machine-readable print, and the ability to travel in and out of the United States, Authorization to work in the United States. Frontier considers only hours in fixed wing/rotary aircraft as flight time towards minimum qualifications. Frontier Group Holdings, Inc.Condensed Consolidated Statements of Operations(unaudited, in millions, except for per share data). Frontier's fleet continues to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed, generating over 100 ASMs per gallon during the fourth quarter and the full year 2021, representing Frontier's commitment to continued fuel efficiency as the airline grows. Please enter a valid station pair and try again. Such forward-looking statements are and will be subject to many risks and uncertainties relating to the Companys operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. This amount of ancillary revenue per passenger was five percent higher than the second quarter of 2021 and 12 percent higher than the $56.32 of ancillary revenue per passenger generated during the comparable pre-COVID quarter in 2019. Accident. (e) Represents expenses associated with an early out program agreed to in 2019 with the Company's flight attendants, payable throughout 2019, 2020 and 2021. On November 13, 2021, Frontier executed an order of 91 additional A321neo aircraft that are scheduled for delivery between 2023 and 2029. Cautionary Statement Regarding Forward-Looking Statements and Information: Certain statements in this release should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. The Company recognized $23 million of net income on a GAAP basis during the quarter. . All aircraft in the fleet are financed with operating leases that expire between 2021 and 2033. The warrants were not included in the diluted share count in the comparable prior year quarter as the share settlement was anti-dilutive. The Company incurred $1 million and $11 million in aircraft rent and depreciation costs during the three and nine months ended September30, 2021, respectively, relating to the acceleration and resulting changes to its lease return obligations. Total operating revenue for the fourth quarter of 2021 of $609 million was 93 percent of the revenue recognized in the comparable 2019 quarter, while total revenue per passenger of $103.41 was 96 percent of the revenue recognized in the comparable 2019 quarter. Fernando, the sales director, and Carlos, our butler for our stay, greeted us at the club. Frontier's capacity, measured by ASMs, was four percent higher in the fourth quarter compared to the corresponding 2019 quarter. 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