Frontier Group reports Q1 adjusted EPS (30c), consensus (36c)

Reports Q1 revenue $992M, consensus $1.05B. “Our ability to deliver strong top-line results and increase our liquidity despite a rapidly rising fuel cost environment validates our strategy and the resilience of our operating model,” said Jimmy Dempsey, President and CEO. “We remain focused on our four key strategic priorities centered around rightsizing the fleet, strengthening our cost discipline, improving operational reliability and driving customer loyalty, with significant progress achieved on these priorities during the quarter. By staying aligned with our framework and focusing on items we can control, we believe we are well positioned to navigate near-term volatility while emerging stronger as macro conditions normalize.”