(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. Enjoy stress-free travel with no change fees, seat selection and one checked bag. Hours logged in flight simulators, or as flight engineer, bombardier, navigator, WSO, EWO, RIO, NFO, UAV, or Special Crew will not be considered as flight time for these purposes. ), please refer to Frontier's policy. Max linear dimensions per bag: Up to 62 linear inches. The airline currently operates more than 110 A320 family aircraft and has the largest A320neo fleet in the country, with even more aircraft, flight attendants, pilots and new routes. This was 12 percent higher than the ancillary revenue per passenger generated during the comparable pre-COVID quarter in 2019. These aircraft commitments bring the Company's total aircraft order as of December31, 2021 to 234 aircraft to be delivered through 2029, including 76 A320neo aircraft and 158 A321neo aircraft. We will provide your child with a safe, comfortable and memorable experience. The expansion will continue through the balance of 2021, with new stations being added in Antigua, Belize, and Costa Rica along with Frontier's largest ever schedule in Orlando. (h) Represents the mark to market adjustment to the value of the warrants issued as part of the funding provided under the CARES Act. 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. This fuel efficiency reflects Frontiers operation of a large number of aircraft with new generation, fuel-efficient engines, lightweight seats, and an efficient seating layout. Excludes aircraft rent expense of $1 million and $10 million for the three and nine months ended September30, 2021, respectively, for costs incurred due to the early termination of the Company's A319 leased aircraft. All aircraft in the fleet are financed with operating leases that expire between 2022 and 2033. The entry into service of the A321neo aircraft in the second half of 2022 will advance Frontier's structural advantage in fuel and operating expense efficiency versus the industry. 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. This amount is a component of interest expense. (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. The calculation of Adjusted CASM including net interest provided in the tables above reflects the sum of Adjusted CASM and net interest expense (income) excluding special items per ASM. The Company won first place for North America's Youngest Aircraft Fleet Award for 2022 by ch-aviation, a leading provider of airline data and intelligence, with an average aircraft age of four years, and was recognized as one of the safest low-cost airlines in the world by AirlineRatings.com, a forensic airline research publication. Please review the following guidelines and procedures to make sure your unaccompanied minor has a great experience with us. Frontier took delivery of five A320neo aircraft during the quarter. The $52 million represents the charge from de-designation and the resulting mark to market impact on the quantities where consumption was not deemed probable. Apply Reconciliation of EBITDA to EBITDAR and EBITDA to Adjusted EBITDAR($ in millions) (unaudited). Frontiers capacity during the third quarter of 2021 totaled 7,505 million ASMs, which was approximately one percent higher than the capacity achieved in the third quarter of 2019. Total operating revenue for the fourth quarter of 2021 of $609 million was 93 percent of the revenue recognized in the comparable 2019 quarter, while total revenue per passenger of $103.41 was 96 percent of the revenue recognized in the comparable 2019 quarter. Frontiers quarterly earnings conference call is scheduled to be held today (November10, 2021) at 4:30 p.m. Eastern Time (USA). The Company is providing below a reconciliation of GAAP financial information to the non-GAAP financial information provided. (d) Represents $15million of costs related to a one-time contract ratification incentive, plus $3million in payroll-related taxes and certain other compensation and benefits-related accruals earned through March 31, 2019 and committed to by the Company as part of a tentative agreement with the union representing the Company's flight attendants that was reached in March 2019 for a contract that was ratified and became effective in May 2019, in addition to $4million in pilot vacation accrual adjustments during the fourth quarter of 2019 as a result of the ratified agreement with the union representing the Company's pilots specifically tied to the implementation of a preferred bidding system. __________________(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. and Ended the fourth quarter of 2021 with $918million of unrestricted cash and cash equivalents. Founded in 1994, they are committed to providing their customers with low fares and quality service. TheFrontierteam showed outstanding resilience and determination this year to accomplish unprecedented results, Biffle noted. From becoming a publicly-traded company in April, to adding more than 130 routes and nearly ten international destinations to Frontiers route network, and ordering 91 new Airbus A321neo aircraft, weve demonstrated the incredible growth our Low Fares Done Right business model is capable of, said Barry Biffle, president and CEO, Frontier Airlines. Such forward-looking statements are and will be subject to many risks and uncertainties relating to the Companys operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. As directed by TSA, gate passes may only be provided to a limited number of people. (b) As a result of an early termination and buyout agreement executed in May 2021 with one of the Companys lessors, Frontier was able to accelerate the removal of the remaining four A319 aircraft from its fleet. These aircraft commitments will enable the Company to significantly increase in size by 2029. (g) Represents the write-off of deferred initial public offering preparation costs during the first quarter 2020 due to the impact of the COVID-19 pandemic and the resulting uncertainty on the Companys ability to access the capital markets. You'll need to escort your child to the gate and wait until the aircraft has taken off before you leave the airport. Email: JenniferF.Delacruz@flyfrontier.com Phone: 720.374.4207 The warrants are expected to be part of the Company's diluted share count under the treasury stock method in future quarters. Continued the domestic and international network expansion, opening stations in Antigua, Belize, Costa Rica, and Newburgh/Stewart, NY during the fourth quarter. Privacy Policy. Words such as "expects," "will," "plans," "intends," "anticipates," "indicates," "remains," "believes," "estimates," "forecast," "guidance," "outlook," "goals," "targets" and similar expressions are intended to identify forward-looking statements. As of September 30, 2021, Frontier had a fleet of 112 Airbus single-aisle aircraft, consisting of 73 A320neos, 18 A320ceos, and 21 A321ceos. This field is for validation purposes and should be left unchanged. Frontier Group Holdings, Inc.Condensed Consolidated Statements of Operations(unaudited, in millions, except for per share data). The Companys adjusted total operating expense was $658 million, including $166 million of fuel expenses at an average cost per gallon of $2.19. 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. 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. Additionally, the property was the only hotel in Manchester to be featured on The London Sunday Times list of the 100 Best Places to Stay in the United Kingdom in 2023. Check out all the destinations you can fly to from your city at our Flights from City page. __________________(a) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Denver-based Frontier Airlines recently recounted its many accomplishments of 2021. DENVER, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc., parent company of Frontier Airlines, Inc. (NASDAQ: ULCC), today reported its fourth quarter and full year 2021 financial results. 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. Unaccompanied minors may travel on any Frontier nonstop flight, including international flights. 1 Share amounts included in the basic and diluted earnings (loss) per share calculations for the third quarter of 2021, as reflected in the Condensed Consolidated Statements of Operations, include the 15 million shares issued and sold by the Company as part of its initial public offering that closed on April 6, 2021, along with the impact of the 3.1 million warrants outstanding relating to CARES Act funding as calculated under the treasury stock method. At Frontier, we believe The Sky is for Everyone and we deliver on this vision through our unique brand of Low Fares Done Right. 1 Share amounts included in the basic and diluted earnings (loss) per share calculations for the fourth quarter and full year 2021, as reflected in the consolidated statements of operations, include the impact of the 15 million shares issued and sold by the Company as part of its initial public offering that closed on April 6, 2021. For formal questions and concerns, please contact us here: https See more About Frontier Airlines: Frontier Airlines is committed to "Low Fares Done Right." Headquartered in Denver, Colorado, the company operates over 95 A See more 758,301 people like this Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. In addition, the entry into service of the A321neo aircraft in the second half of 2022 will advance Frontier's structural advantage in fuel and operating expense efficiency versus the industry. As of September30, 2021, Frontier had a fleet of 112 Airbus single-aisle aircraft, consisting of 73 A320neos, 18 A320ceos, and 21 A321ceos. Book your flights from the United States with the airline that will take care of your needs so . Fernando, the sales director, and Carlos, our butler for our stay, greeted us at the club. If you need help ordering or upgrading Frontier services, contact our trained Frontier sales agents at 1-855-558-5007. The conference call will be broadcast live over the Internet. Every Frontier aircraft features a special animal on its tail. Even though they're on their own, we'll be there to help every step of the way with our unaccompanied minor escort service. A visa will be required for stays over 90 days. While the quarter was impacted by the Delta variant and rising fuel prices, management remained financially disciplined and the Company ended the quarter in a strong financial position. About Frontier Airlines. The Company generated $63 of ancillary revenue per passenger during the quarter. (c) Represents the impact of the change in value and vesting of phantom equity units pursuant to the Pilot Phantom Equity Plan. 1 - Upon entering the airport, put your face-covering over your nose and mouth. Airlines. Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss)($ in millions) (unaudited). OFF. To ensure a safe and comfortable flight, all unaccompanied minors will be seated in the last rows of the aircraft regardless of the Fare Option purchased as this allows our flight attendant to better supervise unaccompanied minor travel. Join the Frontier family as a pilot of one of the fastest-growing airlines. The airline also grew its Low Fares Done Right route map by 132 routes, 21 destinations and nine countries. By on 05/10/2022. Frontier is America's Greenest Airline. Jennifer F. de la Cruz Corporate Communications Sign-In | HPI. Frontier's capacity during the quarter, as measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID quarter in 2019. Cautionary Statement Regarding Forward-Looking Statements and Information: Certain statements in this release should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. We consider children from ages five to 14 to be unaccompanied minors when traveling without a companion of at least 15 years of age. With nearly 30 million overseas residents recorded visiting the United Kingdom in 2022, according to Statista, this number is expected to climb another 5 million this year, surpassing 2019 numbers. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. The use of these aircraft, Frontiers seating configuration, and weight-saving initiatives have all contributed to the airlines average of, Frontier is also committed to families, not only offering the lowest fares, but also enabling children 14 years and younger to fly free through the airlines DISCOUNT DEN. Total operating expenses for the third quarter of 2021 totaled $587 million, including $72 million of CARES Act credits and $1 million of early lease termination costs. We continue to view the impact of COVID-19 as transient, and remain focused on getting the airline back to full utilization in 2022 while being nimble to counter any further COVID-19 impacts. Please see Reconciliation of Non-GAAP Financial Information on page 8 below. The repayment of this loan unencumbered the Companys co-branded credit card program and related brand assets that secured the Treasury obligation and makes those assets available to access substantial additional liquidity, if needed, based on similar debt financings by other airlines. It operates flights to over 100 destinations throughout the United States and 31 international destinations, and employs more than 3,000 staff. Frontier ended the fourth quarter of 2021 with $918million of unrestricted cash and cash equivalents. Accident. Hours logged in flight simulators, or as flight engineer, bombardier, navigator, WSO, EWO, RIO, NFO, UAV, or Special Crew will not be considered as flight time for these purposes. Frontier Airlines Coupons & Promo Codes Submit a Coupon Save with 7 Frontier Airlines Offers. Agents are available Monday-Friday from 6:00 a.m. to 9:00 p.m. MST, Saturday from 8:00 a.m. to 5:00 p.m. MST. A Frontier Airlines Airbus A320-200N, registration N307FR performing flight F9-2047 from Memphis,TN to Las Vegas,NV (USA), landed on Las Vegas'. Repayment of this loan would unencumber the Companys co-branded credit card program and related brand assets that currently secure the Treasury obligation and make that collateral available to access substantial liquidity, if needed. The Company also has a $161 million current income tax receivable from its annual tax returns filed during the first quarter of 2021. Agents, Inflight We require all of the following information when booking and checking in an unaccompanied minor: o The name and telephone number of the adult bringing the child to the airport. o The name and telephone number of the adult meeting the child at his/her destination. Menu, Tips We're sorry but we won't accept unaccompanied minors who are under five years of age. Capacity during the fourth quarter of 2021 demonstrated resilience at 7,836 million ASMs, which was approximately four percent higher than the capacity achieved in the fourth quarter of 2019. Privacy Frontier undertakes no duty to update any forward-looking statements or estimates. (b) Amount estimated excludes fuel expense and special items, which may include loss on disposal of assets, early lease termination costs, special charges and credits, and other items which are not estimable at this time. Because we want to be the airline for everyone. Full year 2021 ancillary revenue per passenger was approximately $61, six percent higher than 2019. _________________(a) The Company expects that demand will continue to recover as 2021 progresses and will monitor and adjust capacity levels as appropriate. These new items also make for the perfect Mothers Day gift for strong mothers everywhere. All forward-looking statements in this release are based upon information available to us on the date of this release. (a) Due to the significant reduction in demand resulting from the COVID-19 pandemic, future anticipated consumption of fuel dropped significantly and the Company therefore de-designated hedge accounting in March 2020 on the derivative positions where the future consumption was not deemed probable, which primarily related to the written put options on costless collars. 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. Our pilots receive industry competitive benefits. Frontier enables people to go places they never expected, whether to our main hub in Denver or to our international locations in Mexico, Puerto Rico, Jamaica, Guatemala . These impacts are partly offset by the improvements in booking trends that began during the latter part of the third quarter of 2021 as COVID-19 cases stabilized. Because of these limitations, determinations of the Companys operating performance or CASM excluding unrealized gains and losses, special items or other items should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. Experience with us we wo n't accept unaccompanied minors may travel on Frontier. Make sure your unaccompanied minor has a great experience with us and equivalents..., seat selection and one checked bag consider children from ages five to 14 to be airline... Is scheduled to be held today ( November10, 2021 ) at 4:30 p.m. Eastern (... Flights to over 100 destinations throughout the United States with the airline that will take of. Nose and mouth your unaccompanied minor has a $ 161 million current Income tax receivable from annual. 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