Increasing demand for discount travel boosts Frontier’s Q2 earnings

Frontier Group, parent of Frontier Airlines, posted record revenue growth during the second quarter as demand for discount travel booms. The Denver-based carrier reported revenue of $909m, 43% more than in the corresponding pre-pandemic quarter in 2019, and also more than the $550m the airline notched in the same quarter in 2021. That translated into a $13m profit during the three-month period, which ended on 30 June. In the same quarter one year ago, Frontier posted a $19m profit when including federal payroll support. Without the support, the company would have lost $50m. In pre-pandemic 2019, Frontier’s profit for the same quarter was $79m. “Results this quarter reflected exceptionally strong demand for affordable airline travel as we realised record revenue growth compared to any pre-pandemic quarter and record high ancillary revenue of $75 per passenger, both of which contributed to Frontier’s first profitable quarter on an adjusted basis in over two years,” says Barry Biffle, Frontier’s chief executive. “The demand environment is strong going into the third quarter, and we continue to focus on generating profitable growth in the business for the balance of 2022 and beyond.”<br/>