Frontier Airlines Shows Net Profit For November 2008 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

Airborne Hi-Def On YouTube

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Tue, Dec 30, 2008

Frontier Airlines Shows Net Profit For November 2008

Bankrupt Carrier Makes Money From Selling Planes

Frontier Airlines Holdings, Inc. filed its Monthly Operating Report for November 2008 on Tuesday... reporting a consolidated net profit of $2.9 million and an operating profit of $2.5 million for the month.

Included in Frontier's operating profit were non-cash mark-to-market losses on fuel hedge contracts of $2.0 million. The airline's November results also included a loss of $2.4 million in cash settlements from fuel hedging contracts and other reorganizational expenses of $1.2 million... which were partially offset by a book gain of $4 million from the sale of two of the carrier's A319s.

Frontier's cash position increased to $53.4 million for November 2008. The Company realized net proceeds of $15.9 million from the sale of two aircraft which was offset by a $9.7 million net increase in holdbacks from the Company's credit card processors and $1.8 million of additional net deposits in collateral posted to fuel hedge counterparties.

November's cash balance does not include the proceeds from two other aircraft sales, that Frontier completed in December 2008.

"We are now seeing the changes we have made in our Company over the last year start to pay dividends," said Frontier President and CEO Sean Menke. "We are successfully controlling our costs, increasing revenue and managing our cash. We feel very comfortable with our restructuring efforts moving ahead and look forward to more positive results in the future."

FMI: Read The Full Report

Advertisement

More News

Airborne At OSH15 Day 5 Redux: Inhofe's Mission, NextGen GA Fund, New Kitfox

Also: Cicare 8, Switchblade Update, Beringer Alaskan Bush Gear, Jack Pelton Interview - Final E-I-C Note: Regularly Daily Airborne Unlimited Programming will resume this Monday now>[...]

ANN's Daily Aero-Linx (08.01.15)

The BD-5 Web Site The official home of the BD-5 network, the purpose of this web site is to provide information about the Bede Aircraft BD-5, an experimental, homebuilt, single-sea>[...]

ANN's Daily Aero-Term (08.01.15): Notice To Airmen (NOTAM)

A notice containing information (not known sufficiently in advance to publicize by other means) concerning the establishment, condition, or change in any component (facility, servi>[...]

Aero-News: Quote Of The Day (08.01.15)

"The fairing separation is one of our very first critical events. If it doesn't work as planned, it's probable the mission cannot continue." Source: Mike Hawes, Lockheed Martin Ori>[...]

ANN FAQ: Aero-Twitters Offer Instant Alerts For Breaking News

Say Hello To Aero-Twitter! Twitter is designed to work on a mobile phone as well as on a computer (and can be accessed via your IM clients). All Twitter messages (called "Tweets", >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC