For baggage fees related to special luggage (sporting equipment, musical instruments, etc. 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. We continue to view the Delta variant as transient and remain focused on getting the airline back to full utilization in the second quarter of 2022 while being nimble to address any further impacts from the Delta or other COVID-19 variants.". Services, New Get insider information and deals in your inbox! (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. A visa will be required for stays over 90 days. Denver-based Frontier Airlines recently recounted its many accomplishments of 2021. Stylish and comfortable uniforms for ground staff . So whether you are reconnecting with loved ones, heading towards your next great adventure, or simply have a budget to keep, we will take you there. These aircraft were originally scheduled to return in December 2021 and were instead returned during the second and third quarters of 2021. Do you offer Wi-Fi, TV, movies, or other in-flight entertainment? In 2021 alone, Fronter added 14 more Airbus A320 aircraft to its fuel-efficient Airbus fleet. 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. Total operating expenses for the fourth quarter of 2021, on both a GAAP and adjusted basis, were $695 million, including $186 million of fuel expenses at an average cost per gallon of $2.43. The expansion will continue through the balance of 2021, with new stations being added in Antigua, Belize, and Costa Rica along with Frontier's largest ever schedule in Orlando. Derivations of net income and CASM are well-recognized performance measurements in the airline industry that are frequently used by the Companys management, as well as by investors, securities analysts and other interested parties in comparing the operating performance of companies in the airline industry. Unaccompanied minors may travel on any Frontier nonstop flight, including international flights. 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. Added approximately 130 routes and 20 destinations. Frontier A20N at Atlanta on Jul 15th 2022, on short final for wrong runway. Flyfrontier.com. Prices, Privacy Frontier Tip: Don't see the route you're looking for? In addition, for the three and nine months ended September30, 2020, the Company recognized $91 million and $177million, respectively, in net grant funding recognized from the U.S. government for payroll support pursuant to the PSP in each of the periods, along with $6million and $11 million in employee retention credits qualified for under the CARES Act for the three and nine months ended September30, 2020, respectively. A32NX Frontier Airlines [N385FR]( Percy the Florida Panther) 8K is a Microsoft Flight Simulator 2020 mod created by DEJHUR. Please include your full name and location. Policy, California Check-in took place in Aqua Club, a private lounge not accessible to all guests, only Aqua Club members and special suite guests. The Company retired the last of the A319 aircraft from its fleet during the year, increasing the proportion of the more fuel-efficient A320neo family aircraft to 66 percent of its total fleet. 6053 rd Please see Reconciliation of Non-GAAP Financial Information on page 8 below. DENVER, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc., parent company of Frontier Airlines, Inc. (NASDAQ: ULCC), today reported its fourth quarter and full year 2021 financial results. Total operating revenues for the third quarter of 2021 were $630 million, with total revenue per passenger of $105.75, an increase of eight percent compared to the $98.06 generated in the second quarter of 2021 and reflecting 97 percent of the comparable amount during the pre-COVID quarter in 2019. frontier airlines uniform 2021. Frontier ended 2021 with a total fleet of 110 aircraft, which is six percent higher than the corresponding prior year period and 12 percent higher than the comparable pre-COVID quarter in 2019. (a) Cost per ASM figures may not recalculate due to rounding(b) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. Review what you'll need below: Frontier considers only hours in fixed wing/rotary aircraft as flight time towards minimum qualifications. This was 12 percent higher than the ancillary revenue per passenger generated during the comparable pre-COVID quarter in 2019. With over 100 destinations and a route network that connects people to all corners of the country. Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss)($ in millions) (unaudited). Ability to travel in and out of the U.S. to all cities/countries served by Frontier Airlines, Inc. Ability and willingness to work weekends, nights, holidays and overnight trips, Ability and desire to maintain a well-groomed and professional appearance, Ability to pass pre-employment drug testing and background checks, Experience with sophisticated aircraft equipment including Electronic Flight Instrument Systems (EFIS) and Flight Management Systems (FMS) preferred. Frontier's current forward guidance estimates, summarized in the table below, take the lingering effect from the Delta variant into consideration along with higher expected fuel prices. We consider children from ages five to 14 to be unaccompanied minors when traveling without a companion of at least 15 years of age. __________________(a) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. San Juan, PR - Santo Domingo 3 - Limit your touchpoints - for instance, download your mobile boarding pass prior to arrival. 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. Privacy Policy. We're sorry but we won't accept unaccompanied minors who are under five years of age. Throughout 2021, Frontier displayed its operational and financial resiliency notwithstanding the persistent challenges from COVID-19 variants, commented Barry Biffle, president and CEO. FAQs, Contact Frontier's capacity, measured by ASMs, was four percent higher in the fourth quarter compared to the corresponding 2019 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. We recognize that everyone's story is different and we believe that you deserve a travel experience that is unique to you. The calculation of Adjusted CASM including net interest provided in the tables above reflects the sum of Adjusted CASM and net interest expense (income) excluding special items per ASM. Policy, Copyright 2023 Frontier This addition coincides with the airlines commitment to create more sustainable flying options. The Company is focused on repaying the $150 million outstanding under the Treasury Loan. Frontier had 109 average aircraft in service during the third quarter of 2021 as compared to 90 during the third quarter of 2019. Tell us your thoughts. Children traveling unaccompanied pay a full adult fare. It operates flights to over 100 destinations throughout the United States and 31 international destinations, and employs more than 3,000 staff. Contacts: Frontier completed an order of 91 additional A321neo aircraft in November 2021 that are scheduled for delivery between 2023 and 2029. Susan M. Donofrio Investor Relations ), please refer to Frontier's policy. (c) Represents the impact of the change in value and vesting of phantom equity units pursuant to the Pilot Phantom Equity Plan. Generated $63 of ancillary revenue per passenger during the fourth quarter of 2021, eight percent higher than the comparable 2019 quarter. Mar 24, 2021, 9:35 AM. 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. Despite the impact of the Delta and Omicron variants, and rising fuel prices, management remained financially disciplined and the Company ended the year in a strong financial position. Please enter a valid station pair and try again. 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. Adjusted CASM including net interest is included as a supplemental disclosure because the Company believes it is a useful metric to properly compare its cost management and performance to other peers that may have different capital structures and financing strategies particularly as it relates to financing primary operating assets such as aircraft and engines. The Company won first place for North America's Youngest Aircraft Fleet Award for 2022 by ch-aviation, a leading provider of airline data and intelligence, with an average aircraft age of four years, and was recognized as one of the safest low-cost airlines in the world by AirlineRatings.com, a forensic airline research publication. Frontier opened three new stations during the third quarter of 2021 and operated an average of over 435 flights per day, which was eight percent higher than the comparable pre-COVID quarter in 2019. Accident. 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 . Ended the fourth quarter of 2021 with $918million of unrestricted cash and cash equivalents. By 2029, the airline plans to add another 91 A321neo aircraft, Airbus newest and most fuel-efficient aircraft yet. The following is a summary of the fourth quarter and full year 2021 select financial results, including both GAAP and adjusted (Non-GAAP) metrics. Frontier ended the third quarter of 2021 with $802million of unrestricted cash and cash equivalents. Actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: the adverse impacts of the ongoing COVID-19 pandemic, including the most recent Delta and Omicron variants and any other future variants of the virus, and possible outbreaks of another disease or similar public health threat in the future, on the Companys business, operating results, financial condition, liquidity and near-term and long-term strategic operating plan, including possible additional adverse impacts resulting from the duration and spread of the pandemic; risks related to the proposed business combination with Spirit Airlines, Inc. as detailed in the separate filing on Form 8-K made on the date hereof; unfavorable economic and political conditions in the states where the Company operates and globally; the highly competitive nature of the global airline industry and susceptibility of the industry to price discounting and changes in capacity; high and/or volatile fuel prices or significant disruptions in the supply of aircraft fuel; the Company's reliance on technology and automated systems to operate its business and the impact of any significant failure or disruption of, or failure to effectively integrate and implement, the technology or systems; the Companys reliance on third-party service providers and the impact of any failure of these parties to perform as expected, or interruptions in the Company's relationships with these providers or their provision of services; adverse publicity and/or harm to the Company's brand or reputation; reduced travel demand and potential tort liability as a result of an accident, catastrophe or incident involving the Company, its codeshare partners, or another airline; terrorist attacks, international hostilities or other security events, or the fear of terrorist attacks or hostilities, even if not made directly on the airline industry; increasing privacy and data security obligations or a significant data breach; further changes to the airline industry with respect to alliances and joint business arrangements or due to consolidations; changes in the Company's network strategy or other factors outside its control resulting in less economic aircraft orders, costs related to modification or termination of aircraft orders or entry into less favorable aircraft orders; the Company's reliance on single suppliers to source a majority of its aircraft and certain parts, and the impact of any failure to obtain timely deliveries, additional equipment or support from any of these suppliers; the impacts of union disputes, employee strikes or slowdowns, and other labor-related disruptions on the Company's operations; extended interruptions or disruptions in service at major airports where the Company operates; the impacts of seasonality and other factors associated with the airline industry; the Company's failure to realize the full value of its intangible assets or its long-lived assets, causing the Company to record impairments; the costs of compliance with extensive government regulation of the airline industry; costs, liabilities and risks associated with environmental regulation and climate change; the Company's inability to accept or integrate new aircraft into the Company's fleet as planned; the impacts of the Company's significant amount of financial leverage from fixed obligations; the possibility the Company may seek material amounts of additional financial liquidity in the short-term and the impacts of insufficient liquidity on the Company's financial condition and business; failure to comply with the covenants in the Company's financing agreements or failure to comply with financial and other covenants governing the Company's other debt; changes in, or failure to retain, the Company's senior management team or other key employees; current or future litigation and regulatory actions, or failure to comply with the terms of any settlement, order or arrangement relating to these actions; increases in insurance costs or inadequate insurance coverage; and other risks and uncertainties set forth from time to time under the sections captioned "Risk Factors" in the Company's reports and other documents filed with the Securities and Exchange Commission (the SEC), including the Companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2021. In addition, most of the Company's 7.7 million outstanding options are participating securities and are therefore not expected to be part of the Company's diluted share count under the two-class method until they are exercised, but in periods of net income, are included as an adjustment to the numerator of the Company's earnings per share calculation as they are eligible to participate in the Company's earnings. But the sector has bounced back in 2021 on optimism that . Route Map. We will provide you with an escort pass to get to the gate. Email: investorrelations@flyfrontier.com Phone: 917.518.1378. The entry into service of the A321neo aircraft in the second half of 2022 will advance Frontier's structural advantage in fuel and operating expense efficiency versus the industry. (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 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. Total operating revenue for the fourth quarter of 2021 of $609 million was 93 percent of the revenue recognized in the comparable 2019 quarter, while total revenue per passenger of $103.41 was 96 percent of the revenue recognized in the comparable 2019 quarter. 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 addition, most of the Company's 9.2million outstanding options are participating securities and are therefore not expected to be part of the Company's diluted share count under the two-class method until they are exercised but are included as an adjustment to the numerator of the Company's earnings per share calculation as they are eligible to participate in the Company's earnings. (b) As a result of an early termination and buyout agreement executed in May 2021 with one of the Companys lessors, Frontier was able to accelerate the removal of the remaining four A319 aircraft from its fleet. Our pilots receive industry competitive benefits. Repaid the $150 million Treasury Loan in February 2022. Looking forward to the fourth quarter, management remains focused on getting the airline back to full utilization in the second quarter of 2022 while remaining flexible to address the unpredictability of COVID-19 on the airline's bookings. Will you book a trip on Frontier Airlines this year? 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.%, Contacts: (i) Represents the tax impact of the non-GAAP adjustments, taking into consideration the non-deductibility of the warrant mark to market adjustments for tax purposes. (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. We recommend you feed your child prior to departure or provide your child with a snack to carry on the flight. . This guidance is subject to significant risks and uncertainties that could cause actual results to differ materially, including the risk factors discussed in the Company's reports on file with the Securities and Exchange Commission. Frontier Airlines has taken a unique approach to the pandemic, especially for an ultra-low-cost carrier . (c) Fuel cost per gallon is inclusive of estimated fuel taxes and into-plane fuel costs. Frontier & # x27 ; re looking for Represents the impact of the change in value and vesting phantom! Over 90 days additional A321neo aircraft in November 2021 that are scheduled for delivery between 2023 and 2029 considers hours. Hours in fixed wing/rotary aircraft as flight time towards minimum qualifications Microsoft Simulator... Of 2019 2021 with $ 802million of unrestricted cash and cash equivalents ( in... 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