ULCC - Frontier Airlines Stock: A Buy After Earnings And Management Execution
2024-05-02 16:15:22 ET
Summary
- Frontier Airlines beat Q1 2024 revenue estimates by $3.5 million with a 2% increase year-over-year.
- Costs grew by 2.6%, but came in lower than expected, providing a $0.07 per share tailwind to earnings.
- Frontier Airlines expects to grow capacity by 12-14% in Q2 2024, with adjusted operating expenses indicating around 10.5% growth in costs.