Frontier Group: Q3 Earnings Snapshot
News > National News
Audio By Carbonatix
7:12 AM on Tuesday, October 29, 2024
The Associated Press
DENVER (AP) — DENVER (AP) — Frontier Group Holdings Inc. (ULCC) on Tuesday reported third-quarter net income of $26 million.
The Denver-based company said it had net income of 11 cents per share. Losses, adjusted for non-recurring gains, were 5 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The discount airline posted revenue of $935 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $939.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ULCC at https://www.zacks.com/ap/ULCC