Why Frontier Group Shares Are Diving
Portfolio Pulse from Henry Khederian
Frontier Group Holdings Inc (NASDAQ:ULCC) shares are trading lower by 5.23% after Southwest Airlines reported mixed second-quarter results. Southwest's earnings per share missed the analyst consensus estimate by 0.91%, and the company reported an increase in economic fuel costs and operating expenses. Although Southwest's business revenues are recovering, they have not reached pre-pandemic levels.
July 27, 2023 | 7:46 pm
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Frontier Group Holdings shares are down 5.23% following Southwest Airlines' mixed Q2 results. Southwest's increased operating expenses and not yet recovered pre-pandemic business revenues may have contributed to the drop.
Frontier Group Holdings shares are trading lower likely due to the mixed Q2 results reported by Southwest Airlines. The increase in Southwest's operating expenses and the fact that their business revenues have not yet recovered to pre-pandemic levels may have caused investor concern, leading to a drop in Frontier's share price.
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