Frontier Airlines Sees Q3 Capacity Growth 4-6%, Avg. Fuel Cost $2.60-$2.70 Per Gallon; Sees FY24 Capacity Growth 5-7%, Avg. Fuel Cost Per Gallon $2.70-$2.80
Portfolio Pulse from Benzinga Newsdesk
Frontier Airlines projects a 4-6% capacity growth for Q3 and a 5-7% capacity growth for FY24. The average fuel cost is expected to be $2.60-$2.70 per gallon for Q3 and $2.70-$2.80 per gallon for FY24.
August 08, 2024 | 12:03 pm
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Frontier Airlines expects a 4-6% capacity growth in Q3 and 5-7% in FY24, with fuel costs ranging from $2.60-$2.70 per gallon in Q3 and $2.70-$2.80 in FY24.
The projected capacity growth indicates potential revenue increase, while the specified fuel costs provide clarity on operational expenses. This positive outlook is likely to boost investor confidence in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100