Frontier Airlines Files Monthly Operating Report for October 2008

29.11.08 - 03:13 ... source : Frontier Airlines

... DENVER, Nov. 28 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (OTC: FRNTQ) (BULLETIN BOARD: FRNTQ) 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. 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 pro ...» Next (HTML)