ULCC: Q4 Profit $53M, EPS 23c, Beats Zacks Forecasts

Frontier Group Holdings Inc. (ULCC) reported fourth-quarter net profit of $53 million, or 23 cents per share, outperforming Zacks Investment Research’s average estimate of 10 cents per share and $997 million in revenue versus the $976.6 million forecast. For the year, the company recorded a loss of $137 million, or 60 cents per share, on revenue of $3.72 billion. For the quarter ending March 31, management expects a loss of 44 to 26 cents per share, and full-year results are anticipated to range from a loss of 40 cents to earnings of 50 cents per share.