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Frontier news

amF16

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Frontier Airlines Files Monthly Operating Report for October 2008
Friday November 28, 9:03 pm ET
DENVER, Nov. 28 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (OTC Bulletin Board: FRNTQ - News) today filed its Monthly Operating Report for October 2008. Frontier reported an operating loss of $15.9 million and a consolidated net loss of $20.5 million for the month. Excluding fuel hedging activities and reorganization expenses, Frontier would have reported a loss of $11.6 million.

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Frontier's October results included $7.4 million in mark-to-market losses on fuel hedges and $1.5 million in reorganization costs.


"October is a seasonally low month for the airline industry," said Frontier President and CEO Sean Menke. "Our October performance is in accordance with our plan, but we know we must continue to be diligent with our cash management efforts while keeping a careful eye on our costs as we move forward with our restructuring efforts."
The cash balance for October 2008 does not include proceeds realized from the sale of two aircraft at the beginning of November. Frontier also plans to close on the sale of two more aircraft in early December, further improving the Company's cash position.
Companies in Chapter 11 Bankruptcy protection are required to file monthly operating reports to the U.S. Trustee in addition to quarterly reports filed with the U.S. Securities and Exchange Commission.
 

Cardinal

Of The Kremlin
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Nov 25, 2001
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$7.4 million in mark-to-market losses on fuel hedges...roughly the total extorted from the pilot group from June to present.

In other news, F9 pilots snap back to full book rates tomorrow!
 

contrail67

Well-known member
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Frontier Airlines Files Monthly Operating Report for October 2008
Friday November 28, 9:03 pm ET
DENVER, Nov. 28 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (OTC Bulletin Board: FRNTQ - News) today filed its Monthly Operating Report for October 2008. Frontier reported an operating loss of $15.9 million and a consolidated net loss of $20.5 million for the month. Excluding fuel hedging activities and reorganization expenses, Frontier would have reported a loss of $11.6 million.

if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d['3KUqFkLaX9A-']='&U=13fhrk2t5%2fN%3d3KUqFkLaX9A-%2fC%3d626899.12894134.13150363.1383221%2fD%3dLREC%2fB%3d5133107%2fV%3d1';

Frontier's October results included $7.4 million in mark-to-market losses on fuel hedges and $1.5 million in reorganization costs.


"October is a seasonally low month for the airline industry," said Frontier President and CEO Sean Menke. "Our October performance is in accordance with our plan, but we know we must continue to be diligent with our cash management efforts while keeping a careful eye on our costs as we move forward with our restructuring efforts."
The cash balance for October 2008 does not include proceeds realized from the sale of two aircraft at the beginning of November. Frontier also plans to close on the sale of two more aircraft in early December, further improving the Company's cash position.
Companies in Chapter 11 Bankruptcy protection are required to file monthly operating reports to the U.S. Trustee in addition to quarterly reports filed with the U.S. Securities and Exchange Commission.


Why the smile face...are you happy about this?...does not sound like the best news....or are you just rubbing it in someones face.
 

Palomino

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Mar 9, 2004
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582
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Why the smile face...are you happy about this?...does not sound like the best news....or are you just rubbing it in someones face.

html error. :0 is some form of punctuation paired together to make a purplish face.

:)
:(
;)
and so forth

best of luck to Frontier. always a great ride.
 

crxpilot

Waaasssuuuupppppp!!!!!
Joined
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Why the smile face...are you happy about this?...does not sound like the best news....or are you just rubbing it in someones face.
Turn your smilies off in your options before you jump down someones throat..............
 
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