domnaofyvisyhojo.blogspot.com
million net profit. It was the Denver-based airlines holding company's first monthly monthly operations report, as requirede under terms of its Chapter 11 since that it will be acquired by as part of its plan to emergd frombankruptcy protection. Frontier said its consolidated operatinyg profit for Maywas $11.7 million, up from a $16.r5 million loss for the same month in 2008. It reported consolidatedr net income in Mayof $1.1 million versus a net loss of $22.0o million in the year-ago month. Excluding a book loss of $7.5 millio on an aircraft sale and otherspecial items, Frontief said it would have reported May net incomee of $5.6 million, or a net marginh of 6.
3 percent, versus a net loss of $4.9 or a negative margin of 4.1 percent, in May 2008. "Despiter continued capacity reductions anda year-over-year declins in passenger revenue, we have managed to producs an operating profit for seven consecutivee months," Frontier President/CEO Sean Menke said in a statement. "Thee positive results for the month of May are the resulft ofthe company's effort to be one of the lowest cost operatores in North America. The dedication and efforts put forth by all employees has allowec us to achieve thesr resultsonce again." Frontier said it will post a copy of its latesty monthly operating report .
A copy was not yet posted as ofThursda morning.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment