Frontier Airlines
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Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights attributable to a drop in demand and an “uncertain environment.”
The budget airline also cut its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the primary quarter, with capability up 5% over last yr.
“Revenue growth is anticipated to be lower than expected attributable to weakened demand in March, leading to fare discounting and promotions across the industry, amplified by the close-in nature of Frontier’s bookings,” Frontier said in a securities filing.
Frontier pointed to a drop in consumer confidence in March as evidence of weaker demand.
