Revenue Increase and Capacity Management
Total operating revenue in the first quarter increased 5% versus the prior year quarter to $912 million on 5% higher capacity. Capacity reductions are expected to reduce costs and capital expenditures by over $300 million combined compared to previous expectations.
Loyalty Program Enhancements
The loyalty program has seen a positive response with a 30% year-over-year increase in spend. New benefits like seat upgrades and companion pass have been well received.
Fleet Management Strategy
Frontier took delivery of four A321neo aircraft and two spare engines, raising the fleet to 163. Lease extensions were made for 14 aircraft, supporting mid- to long-term fleet strategy.
Booking Trend Stabilization
Current booking trends suggest demand for May and early summer travel has stabilized, supported by recent revenue and network enhancements.