Thats why we make a bigger commitment thats the Done Right promise. This brings the airline's total fleet count to 112 aircraft, which is 10 percent higher than the prior year. I want to thank Team Frontier for providing safe and dependable travel to our valued customers, all while fulfilling our Low Fares Done Right commitment.. 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. Jennifer F. de la Cruz, Corporate Communications We will provide you with an escort pass to get to the gate. (f) Represents the recognition of $72million and $278million of grant funding received from the U.S. government for payroll support pursuant to PSP2 and PSP3 during the three and nine months ended September30, 2021, respectively, in addition to $17 million in employee retention credits qualified for under the CARES Act during the nine months ended September 30, 2021. On an Adjusted CASM (excluding fuel) basis, operating expenses were 6.50 cents during the quarter compared to 5.21 cents in the fourth quarter of 2019 and 6.55 cents during the third quarter of 2021, reflecting continued cost discipline while managing lower utilization. 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. Some airlines and routes operate on a seasonal basis. Frontier Airlines is a major ultra-low-cost U.S. airline headquartered in Denver, Colorado. Visit our Ratings Now! In addition, for the three and nine months ended September30, 2020, the Company recognized $91 million and $177million, respectively, in net grant funding recognized from the U.S. government for payroll support pursuant to the PSP in each of the periods, along with $6million and $11 million in employee retention credits qualified for under the CARES Act for the three and nine months ended September30, 2020, respectively. San Juan, PR - Santo Domingo Attendants immediately offered us drinks and refreshments and, after confirming all reservation details and dietary restrictions, gave us our bracelets, which would act as our key cards at the resort. And, bring your own snacks to avoid additional contact. 2023 Frontier Group Holdings, Inc. All rights reserved. Added approximately 130 routes and 20 destinations. Adjusted CASM including net interest is included as a supplemental disclosure because the Company believes it is a useful metric to properly compare its cost management and performance to other peers that may have different capital structures and financing strategies particularly as it relates to financing primary operating assets such as aircraft and engines. (i) Represents the tax impact of the non-GAAP adjustments, taking into consideration the non-deductibility of the warrant mark to market adjustments for tax purposes. This was 12 percent higher than the ancillary revenue per passenger generated during the comparable pre-COVID quarter in 2019. 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. Apply 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. Valid Passport, with machine-readable print, and the ability to travel in and out of the United States, Authorization to work in the United States. These aircraft were originally scheduled to return in December 2021 and were instead returned during the second and third quarters of 2021. FXExpress Traveler of the Year Contest 2023. (a) Cost per ASM figures may not recalculate due to rounding(b) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. Frontier ended the third quarter of 2021 with $802million of unrestricted cash and cash equivalents. Frontier Airlines Saw Exponential Growth in 2021. For those who are not available for the live webcast, the call will be archived and available for at least 30 days on the investor relations section of the Company's website. Reconciliation of Non-GAAP Financial Information. These aircraft were originally scheduled to return in December 2021 and were instead returned during the second and third quarters of 2021. "Despite the impact of the Delta variant on bookings during the quarter, we increased our capacity, departures and level of ancillary revenue per passenger as compared to the comparable pre-COVID quarter. Email: JenniferF.Delacruz@flyfrontier.com Phone: 720.374.4207 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. Frontiers fleet continues to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed, generating 102 ASMs per gallon during the fourth quarter of 2021. These services are not currently available on Frontier flights. The tax expense reflected for the fourth quarter of 2021 includes the impact of the update to the effective tax rate for the full year 2021 on the first, second and third quarter 2021 underlying results. Excludes aircraft rent expense of $10 million for the year ended December31, 2021 for costs incurred due to the early termination of the Company's A319 leased aircraft. Frontier Group Holdings, Inc.Condensed Consolidated Statements of Operations(unaudited, in millions, except for per share data). With this expansion, Orlando will be Frontier's largest station in terms of daily departures for the winter schedule. COUPON CODE. 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. In light of the transaction announced this morning and the investor conference call at 6:30 AM MT / 8:30 AM ET, the Company has cancelled its previously scheduled call on February 9, 2022. These non-GAAP financial measures may be presented on a different basis than other companies using similarly titled non-GAAP financial measures. They sell so many tickets and end up canceling other peoples flights because there is no room available. The Company incurred $1 million and $11 million in aircraft rent and depreciation costs during the three and nine months ended September30, 2021, respectively, relating to the acceleration and resulting changes to its lease return obligations. The new collection highlights gold as the new black and features luxury shoes, purses and clothing to inspire and empower all women. Airlines. The Companys adjusted total operating expense was $658 million, including $166 million of fuel expenses at an average cost per gallon of $2.19. As a Frontier pilot, you will enjoy the following employee benefits: More About the Benefits and Options We Offer: Before we can welcome you on board, make sure you meet our pilot requirements. This can be located on the "My Account" link, and then select "Profile". These non-GAAP financial measures may be presented on a different basis than other companies using similarly titled non-GAAP financial measures. Of this amount, ancillary revenue was $63 per passenger, eight percent higher than the comparable 2019 quarter, supported by the economic recovery and the Company's innovative product offerings. Don't wait to enjoy the Caribbean sun or Mexico's flavors when you book your flights from Denver (DEN), Philadelphia (PHL) or Chicago (ORD) with Frontier Airlines. Please review the following guidelines and procedures to make sure your unaccompanied minor has a great experience with us. F. de la Cruz, Corporate Communications we will provide you with an escort pass get! 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