Summary Frontier Airlines has made a small profit in Q2 and H1, despite overcapacity in the market, according to its chief executive. Revenue performance had worsened during the quarter, as its load factors, average fare revenue, and revenue per available seat mile (RASM) declined compared to Q2 2023. The airline also deferred aircraft deliveries while canceling an order for 18 A321XLR aircraft.
Frontier Airlines has announced its Q2 2024, with the low-cost carrier earning a small profit. At the same time, the airline deferred some aircraft deliveries while swapping the Airbus A321XLR for A321neos. Frontier’s small profit During the quarter, Frontier Airlines improved its revenues by 1%, ending the period with revenues of $973 million.
The airline also highlighted that it had managed to achieve an annual run rate cost savings of more than $100 million. In Q2, its costs were $948 million, while during the same quarter in 2023, the carrier’s expenses were $888 million. However, its cost per available seat mile (CASM) was $8.
89 cents, while in Q2 2023, it was $9.51 cents, meaning that Frontier Airlines has managed to substantially reduce its expenses to transport a seat a single mile. The results proved to be a mixed bag.
Its average load factor had gone down 7.2% year-on-year (YoY), with the carrier’s average load factor being 78.1% in Q2.
In total, Frontier Airlines’ average operated fleet was 145 aircraft, while it ended the period with 148 aircraft. As a result, the .