Don't wait to enjoy the Caribbean sun or Mexico's flavors when you book your flights from Denver (DEN), Philadelphia (PHL) or Chicago (ORD) with Frontier Airlines. San Juan, PR - Raleigh, NC. (h) Represents the mark to market adjustment to the value of the warrants issued as part of the funding provided under the CARES Act. Arctic Cold Front Cancels More Than 1,200 U.S. Flights: How Will This Affect Travel in the Coming Days? These aircraft were originally scheduled to return in December 2021 and were instead returned during the second and third quarters of 2021. Cautionary Statement Regarding Forward-Looking Statements and Information: Certain statements in this release, including statements regarding the Companys outlook for the fourth quarter 2021 and its earnings target range, should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Our weight-saving tactics and modern, fuel-efficient fleet contribute to an average of 43% fuel savings compared to other U.S. Airlines. 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. Even though they're on their own, we'll be there to help every step of the way with our unaccompanied minor escort service. Welcome to the official Facebook page of Frontier Airlines. Frontier Airlines is a low-cost carrier airline based in Denver, Colorado. 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. Policy, California Regardless of the aircraft type, seat configurations are the standard 3-3 on This was 12 percent higher than the ancillary revenue per passenger generated during the comparable pre-COVID quarter in 2019. As of September30, 2021, the Company had commitments to purchase an additional 143 aircraft to be delivered through 2028, including 76 A320neo aircraft and 67 A321neo aircraft. 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. Airlines Introduce, Alter Family Seating Policies, Airlines Add, Reinstate New Routes Across the World, Devastating Trkiye, Syrian Earthquake: How to Help as Death Toll Rises. If it doesn't fit, it costs about $100 per. The only place in the world to get ALL Airline Safety Ratings in one place! Jul 20, 2022. Frontier took delivery of five A320neo aircraft during the quarter. Frontier Airlines Reports Financial Results for the Third Quarter of 2021, Adjusted total operating expenses (excluding fuel) ($ millions), Pre-delivery deposits, net of refunds year over year change ($ millions), 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 amortization 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, Cares Act grant recognition and employee retention credits, Derivative de-designation and mark to market adjustment, CARES Act mark to market impact for warrants. Bags heavier than 100 pounds or larger than 110 linear inches won't be accepted by Frontier Airlines. 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. Repayment of this loan would unencumber the Companys co-branded credit card program and related brand assets that currently secure the Treasury obligation and make that collateral available to access substantial liquidity, if needed. 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. We can't wait for your career to soar with us! (b) Represents aircraft rent expense included in Adjusted EBITDA. On November 13, 2021, Frontier executed an order of 91 additional A321neo aircraft that are scheduled for delivery between 2023 and 2029. Frontier took delivery of five A320neo aircraft during the quarter and has no planned aircraft deliveries during the fourth quarter of 2021. See footnote (b) under the caption Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss). 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. Accident. These impacts are partly offset by the improvements in booking trends that began during the latter part of the third quarter of 2021 as COVID-19 cases stabilized. This addition coincides with the airlines commitment to create more sustainable flying options. The Companys adjusted total operating expense was $658 million, including $166 million of fuel expenses at an average cost per gallon of $2.19. Nashvilles once-modest skyline continues to evolve as its luxury market grows. Frontier undertakes no duty to update any forward-looking statements or estimates. Jennifer F. de la Cruz Corporate Communications BOOK YOUR FLIGHT TODAY! Very bad service and rude people. With over 140 new Airbus planes on order, Frontier will continue to grow to deliver on the mission of providing affordable travel across America. As previously reported, the Delta variant had a significant impact on the airline's bookings through August and September, creating a deficit in forward bookings as the airline entered the fourth quarter. In 2021 alone, Fronter added 14 more Airbus A320 aircraft to its fuel-efficient Airbus fleet. Flyfrontier.com. Frontier's capacity, measured by ASMs, was four percent higher in the fourth quarter compared to the corresponding 2019 quarter. Apply (h) Represents the mark to market adjustment to the value of the warrants issued as part of the funding provided under the CARES Act. The Company has 3.1 million warrants outstanding relating to CARES Act funding that are not included in the diluted share count in the fourth quarter and full year 2021 as the effect of their inclusion would be anti-dilutive. As a Frontier pilot, you will enjoy the following employee benefits: More About the Benefits and Options We Offer: Before we can welcome you on board, make sure you meet our pilot requirements. 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. Frontier Airlines has taken a unique approach to the pandemic, especially for an ultra-low-cost carrier . 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. 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. The new collection highlights gold as the new black and features luxury shoes, purses and clothing to inspire and empower all women. Frontier Airlines makes the sky for everyone with its Low Fares Done Right. Frontier is now seeing an improvement in fare levels as the holiday season approaches, however, fuel prices have continued to increase, creating a short-term cost hurdle to overcome. Frontier's capacity during the quarter, as measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID quarter in 2019. "From becoming a publicly-traded company in April, to adding more than 130 routes and nearly ten international destinations to Frontier's route network, and ordering 91 new . About Frontier Airlines: Frontier Airlines (NASDAQ: ULCC) is committed to "Low Fares Done Right . Frontiers quarterly earnings conference call is scheduled to be held today (November10, 2021) at 4:30 p.m. Eastern Time (USA). __________________(a) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. 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. Repaid the $150 million Treasury Loan in February 2022. The ONLY airline rating that includes Safety, Product and COVID-19 safety ratings! Frontiers adjusted total operating expenses, excluding fuel, totaled $492 million. Join the Frontier family as a pilot of one of the fastest-growing airlines. By 2029, the airline plans to add another 91 A321neo aircraft, Airbus newest and most fuel-efficient aircraft yet. 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. All aircraft in the fleet are financed with operating leases that expire between 2021 and 2033. We offer a variety of benefits, including health, financial, travel and retirement to take care of our crew. (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 Company is providing below a reconciliation of GAAP financial information to the non-GAAP financial information provided. Lavish hotel properties are added to the landscape while acclaimed chefs stake claim in the robust culinary scene and premier cultural offerings round out the citys repertoire. Total revenue per passenger included $63.00 of ancillary revenue, consistent with the third quarter of 2021 and eight percent higher than the $58.18 of ancillary revenue per passenger generated during the comparable 2019 quarter. Frontier had 109 average aircraft in service during the third quarter of 2021 as compared to 90 during the third quarter of 2019. 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. Frontier completed an order of 91 additional A321neo aircraft in November 2021 that are scheduled for delivery between 2023 and 2029. 50%. (b) Represents aircraft rent expense included in Adjusted EBITDA. The. (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. Adjusted CASM including net interest is not determined in accordance with GAAP, may not be comparable across all carriers and should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. In consideration of the anticipated merger with Spirit Airlines, Inc. which was also announced today, the Company will not provide guidance for the first quarter or full year 2022 at this time. Frontier's average daily aircraft utilization continued to recover, improving from 10.6 hours per day in the third quarter of 2021 to 10.9 hours per day in the fourth quarter 2021. Nov. 10, 2021 | 3:27. After becoming publicly traded last April, Frontier Airlines continued to see more growth as the airline heads into another year. A complimentary beverage service and complimentary snack will be provided if your child's flight offers this service. 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. The amount takes into consideration the additional expected capacity, the Company's continued investment in the recovery, and no aircraft deliveries in the fourth quarter resulting in no aircraft related sale leaseback gains. We consider children from ages five to 14 to be unaccompanied minors when traveling without a companion of at least 15 years of age. We are here to help 24/7. Email: investorrelations@flyfrontier.com Phone: 917.518.1378. Excludes aircraft rent expense of $10 million for the year ended December31, 2021 for costs incurred due to the early termination of the Company's A319 leased aircraft. We continue to view the impact of COVID-19 as transient, and remain focused on getting the airline back to full utilization in 2022 while being nimble to counter any further COVID-19 impacts. 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. Because we want your child's travel experience to be as smooth as possible, we recommend that you check in at least two hours prior to departure. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. These aircraft commitments bring the Company's total. Frontier's capacity, as measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID quarter in 2019. Frontier had 18 percent more average aircraft in service during the fourth quarter of 2021 compared to the fourth quarter of 2019. Regardless of fare type purchased, we charge a $110 service fee per direction for each traveling unaccompanied minor to cover extra handling, a beverage, and a snack. San Juan, PR - Santo Domingo A Frontier Airlines Airbus A320-200N, registration N307FR performing flight F9-2047 from Memphis,TN to Las Vegas,NV (USA), landed on Las Vegas'. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. Some airlines and routes operate on a seasonal basis. This can be located on the "My Account" link, and then select "Profile". Frontier completed an order of 91 additional A321neo aircraft in November 2021 that are scheduled for delivery between 2023 and 2029. Reconciliation of EBITDA to EBITDAR and EBITDA to Adjusted EBITDAR($ in millions) (unaudited). E99. Thomas Pallini/Insider. 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. 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. 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 . It operates flights to over 100 destinations throughout the United States and 31 international destinations, and employs more than 3,000 staff. Reconciliation of Non-GAAP Financial Information. As of September 30, 2021, Frontier had a fleet of 112 Airbus single-aisle aircraft, consisting of 73 A320neos, 18 A320ceos, and 21 A321ceos. Save 99% Off Select Nonstop Domestic Travel. All aircraft in the fleet are financed with operating leases that expire between 2021 and 2033. . Please see Reconciliation of Non-GAAP Financial Information on page 8 below. 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