Frontier took delivery of five A320neo aircraft during the quarter and has no planned aircraft deliveries during the fourth quarter of 2021. The amounts represent the charge from de-designation and resulting mark to market impact on the quantities where consumption was not deemed probable. We offer valuable opportunities to our pilots including a. Unaccompanied minors may travel on any Frontier nonstop flight, including international flights. 1 - Upon entering the airport, put your face-covering over your nose and mouth. In addition, for the year ended December31, 2020, the Company recognized $177million in net grant funding recognized from the U.S. government for payroll support pursuant to the PSP, along with $5million and $16 million in employee retention credits qualified for under the CARES Act for the three and twelve months ended December31, 2020, respectively. Frontier Group Holdings, Inc.Condensed Consolidated Statements of Operations(unaudited, in millions, except for per share data). Join the Frontier family as a pilot of one of the fastest-growing airlines. 1 Share amounts included in the basic and diluted earnings (loss) per share calculations for the fourth quarter and full year 2021, as reflected in the consolidated statements of operations, include the impact of the 15 million shares issued and sold by the Company as part of its initial public offering that closed on April 6, 2021. Frontier had 18 percent more average aircraft in service during the fourth quarter of 2021 compared to the fourth quarter of 2019. Armed with a business model that succeeds in any economic climate, Frontier is poised to double in size over the next 5 years. Fernando, the sales director, and Carlos, our butler for our stay, greeted us at the club. Reconciliation of EBITDA to EBITDAR and EBITDA to Adjusted EBITDAR($ in millions) (unaudited). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world. Airlines Introduce, Alter Family Seating Policies, Airlines Add, Reinstate New Routes Across the World, Devastating Trkiye, Syrian Earthquake: How to Help as Death Toll Rises. Get insider information and deals in your inbox! Frontier's average daily aircraft utilization increased from 10.1 hours per day in the second quarter of 2021 to 10.6 hours per day in the third quarter and the airline's fleet operated at a 77.4 percent load factor. OTHER Current FAA Class 1 Medical Certificate Given the dynamic nature of the current demand environment, including any impact from the Delta variant, the actual capacity adjustments made by the Company may be different than what is currently expected. Our weight-saving tactics and modern, fuel-efficient fleet contribute to an average of 43% fuel savings compared to other U.S. Airlines. For all travelers, other than Costa Rican citizens, a ticket for onward or return travel is mandatory. (c) Fuel cost per gallon is inclusive of estimated fuel taxes and into-plane fuel costs. Visit our Ratings Now! Policy, Copyright 2023 Frontier (b) Represents aircraft rent expense included in Adjusted EBITDA. We're sorry but we won't accept unaccompanied minors who are under five years of age. Sign-In | HPI. 3 - Limit your touchpoints - for instance, download your mobile boarding pass prior to arrival. We consider children from ages five to 14 to be unaccompanied minors when traveling without a companion of at least 15 years of age. 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. ARRIVAL/CHECK-IN: Arriving at Live Aqua Beach Resort Cancun truly feels as though the staff and attendants have been eagerly awaiting your arrival all day. Frontiers $105.75 of total revenue per passenger during the quarter included $63.01 of ancillary revenue per passenger. 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 fourth quarter of 2021 with $918million of unrestricted cash and cash equivalents. If you need help ordering or upgrading Frontier services, contact our trained Frontier sales agents at 1-855-558-5007. This amount is a component of interest expense. Privacy Frontier Airlines hired more than 670 new flight attendants and 170 pilots in 2021 and will continue to welcome more crew members in 2022. Frontier A20N at Las Vegas on Dec 12th 2021, tail strike on landing. TheFrontierteam showed outstanding resilience and determination this year to accomplish unprecedented results, Biffle noted. Additionally, the Company believes this metric is a useful comparator because it removes certain items that may not be indicative of base operating performance or future results. at Purchase, Unaccompanied Minor Request For Carriage Form, New Bag (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 airline lost $225 million last year after bringing in $1.25 billion in . The. __________________(a) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. Frontier continued its domestic and international expansion, opening four new stations and operating an average of over 450 flights per day. 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. Because we want your child's travel experience to be as smooth as possible, we recommend that you check in at least two hours prior to departure. A complimentary beverage service and complimentary snack will be provided if your child's flight offers this service. The Company also has a $161 million current income tax receivable from its annual tax returns filed during the first quarter of 2021. Frontier Airlines (NASDAQ: ULCC) is committed to Low Fares Done Right. Headquartered in Denver, Colorado, the Company operates more than 100 A320 family aircraft and has the largest A320neo fleet in the U.S. Frontier undertakes no duty to update any forward-looking statements or estimates. Total revenue per passenger included $63.00 of ancillary revenue, consistent with the third quarter of 2021 and eight percent higher than the $58.18 of ancillary revenue per passenger generated during the comparable 2019 quarter. In accordance with the amended and restated phantom equity agreement, the remaining phantom equity obligation became fixed as of December 31, 2019 and is no longer subject to valuation adjustments. Subscribe to have AirlineRatings.com Newsletter delivered to your inbox! ), please refer to Frontier's policy. This fuel efficiency reflects Frontiers operation of a large number of aircraft with new generation, fuel-efficient engines, lightweight seats, and an efficient seating layout. Jennifer F. de la Cruz, Corporate Communications Email: investorrelations@flyfrontier.com Phone: 917.518.1378. Additionally, the property was the only hotel in Manchester to be featured on The London Sunday Times list of the 100 Best Places to Stay in the United Kingdom in 2023. The fourth quarter and full year 2021 guidance items provided below are based on the Company's current estimates and are not a guarantee of future performance. Every Frontier aircraft features a special animal on its tail. The Company is providing below a reconciliation of GAAP financial information to the non-GAAP financial information provided. Frontier's capacity during the quarter, as measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID quarter in 2019. Full year 2021 capacity was approximately four percent lower compared to 2019, which, when contextualized with fourth quarter 2021 ASMs, highlights the recovery weighted to the back half of the year. We know pilots are the heart of our airline so we offer competitive benefits and flight privileges for you and your family. The airline seeks to strengthen its position as Americas Greenest Airline after earning the title in 2021. Travel / My Trips / Route Map. While the Company has adequate liquidity on its balance sheet, the Company estimates that there is approximately $1 billion of potential untapped liquidity associated with its loyalty programs and related brand assets, based on debt financings secured by similar assets engaged in by other airlines. AIRLINE RESERVATIONS BAGGAGE SERVICE NONSTOP ROUTES STATUS SERVICE TYPE; AIR CANADA (888) 247-2262 (888) 689-2247: Toronto Vancouver: Operating Operating: Seasonal Seasonal: ALASKA (800) 426-0333 (206) 878-8396 Boise Everett Portland San Francisco San Jose Seattle: Operating Operating After becoming publicly traded last April, Frontier Airlines continued to see more growth as the airline heads into another year. The Company is providing below a reconciliation of GAAP financial information to the non-GAAP financial information provided. All aircraft in the fleet are financed with operating leases that expire between 2022 and 2033. 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. __________________(a) Reference End Note 1 within the previous section for discussion on basic and diluted shares. For formal questions and concerns, please contact us here: https See more About Frontier Airlines: Frontier Airlines is committed to "Low Fares Done Right." Headquartered in Denver, Colorado, the company operates over 95 A See more 758,301 people like this Do you offer Wi-Fi, TV, movies, or other in-flight entertainment? To ensure a safe and comfortable flight, all unaccompanied minors will be seated in the last rows of the aircraft regardless of the Fare Option purchased as this allows our flight attendant to better supervise unaccompanied minor travel. Frontier's capacity, as measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID quarter in 2019. 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: Nashvilles once-modest skyline continues to evolve as its luxury market grows. Further improvement is expected to the utilization and load factor levels achieved in fourth quarter of 2019 as the recovery from the COVID-19 pandemic continues. Housed in a former, early 20th-century cotton warehouse, canal-side LEVEN Manchester has a modern, industrial feel to it thanks to exposed brick walls and contemporary furnishings. About Frontier Airlines. Therefore, we recommend only one adult escort an unaccompanied minor for pick up and drop off. (e) Represents expenses associated with an early out program agreed to in 2019 with the Company's flight attendants, payable throughout 2019, 2020 and 2021. This amount is a component of interest expense. Some airlines and routes operate on a seasonal basis. Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss)($ in millions) (unaudited). Frontier's fleet continues to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed, generating over 100 ASMs per gallon during the fourth quarter and the full year 2021, representing Frontier's commitment to continued fuel efficiency as the airline grows. Thomas Pallini/Insider. In 2021 alone, Fronter added 14 more Airbus A320 aircraft to its fuel-efficient Airbus fleet. Book your flights from the United States with the airline that will take care of your needs so . (c) Represents the impact of the change in value and vesting of phantom equity units pursuant to the Pilot Phantom Equity Plan. These aircraft commitments bring the Company's total aircraft order as of December31, 2021 to 234 aircraft to be delivered through 2029, including 76 A320neo aircraft and 158 A321neo aircraft. We are committed to highlighting and helping preserve the unique and extraordinary animals found throughout North America. Frontier is America's Greenest Airline. 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. Frontiers fleet is the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed. The service will start with two flights per week on Mondays and Fridays until March 11, 2021,. Frontiers adjusted total operating expenses, excluding fuel, were $509 million, reflecting lower employee and station-related costs. As we look forward to 2022, were excited to continue this momentum with new, greener, aircraft joining our fleet, and many more exciting new route opportunities for our customers.. The Company has 3.1 million warrants outstanding relating to CARES Act funding that are not included in the diluted share count in the fourth quarter and full year 2021 as the effect of their inclusion would be anti-dilutive. Hours logged in flight simulators, or as flight engineer, bombardier, navigator, WSO, EWO, RIO, NFO, UAV, or Special Crew will not be considered as flight time for these purposes. Route Map. 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. Enjoy stress-free travel with no change fees, seat selection and one checked bag. Summer Pass from ultra-low, DENVER January 31, 2023 Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) today announced a major expansion of service to Puerto Rico, Frontier Airlines Automatically Seats Children with a Family Member or Adult in Their Party, Frontier Airlines and Pratt & Whitney Name GTF-powered A321neo Edward the Bald Eagle, in Honor of Late Tuskegee Airman Edward Hall, Frontier Airlines Launches GoWild! 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 global pandemic, 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; 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, harm to the Company's brand; 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; any damage to the Company's reputation or brand image; the limitation of the Company's ability to use its net operating loss carryforwards and certain other tax attributes to offset future taxable income for U.S. federal income tax purposes; 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, 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 under "Risk Factors" in the Company's reports and other documents filed with the Securities and Exchange Commission (SEC), as well as other risks and uncertainties set forth from time to time in the reports the Company files with the SEC from time to time, including the Quarterly Report on Form 10-Q being filed at or around the date hereof.

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