Filing Recaps Monthly Operating Reports

Frontier Airlines filed its Quarterly Report Friday with the Securities Exchange Commission for the quarter ending in September 2008. Frontier states it already reported this information in Monthly Operating Reports (MOR) filed with the court for July, August and September of 2008 as a requirement under Chapter 11 Bankruptcy protection.

Frontier reported an operating loss of $5.8 million and a consolidated net loss of $30.4 million for the three-month period ending September 2008. Included in the net loss for the quarter was $16.6 million attributable to reorganization costs. The operating loss and operating margin reported are still among the best in the industry when compared to other airlines.

During the quarter, Frontier incurred an increased fuel expense of more than $70 million, or a 72.6% increase in the price of fuel per gallon, compared to the same quarter last year. Fuel prices were still at near record highs during most of the September quarter, though they have dropped appreciably since.

In better news for the airline, Frontier says its cost per available seat mile, excluding fuel, was at 5.68... the lowest in Frontier's history and a nearly 10 percent drop over Q3 2007.

"Losses are never acceptable, but we can point to progress in our restructuring efforts," said Frontier President and CEO Sean Menke. "Our Company continues to execute to its business plan and will use that momentum as we plan our emergence from bankruptcy."

As ANN reported, Frontier filed for Chapter 11 bankruptcy protection in April.

FMI: www.frontierairlines.com