India, Feb. 7 -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (ULCC), reported Friday net income of $54 million or $0.23 per share for the third quarter, compared to a net loss of $37 million or $0.17 per share in the prior-year quarter.
Total operating revenues for the quarter grew 12 percent to $1.0 billion from $891 million in the same quarter last year.
On average, analysts polled expected the company to report earnings of $0.13 per share on revenues of $986.5 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead, the company expects adjusted earnings for the first quarter in a range of breakeven to $0.07 per share and at least $1.00 for the full-year 2025.
The Street i...