(b) Represents aircraft rent expense included in Adjusted EBITDA. Frontier considers only hours in fixed wing/rotary aircraft as flight time towards minimum qualifications. (f) Represents the recognition of $72million and $278million of grant funding received from the U.S. government for payroll support pursuant to PSP2 and PSP3 during the three and nine months ended September30, 2021, respectively, in addition to $17 million in employee retention credits qualified for under the CARES Act during the nine months ended September 30, 2021. (d) Represents $15 million of costs related to a one-time contract ratification incentive, plus $3 million in payroll-related taxes and certain other compensation and benefits-related accruals earned through March 31, 2019 and committed to by the Company as part of a tentative agreement with the union representing the Company's flight attendants that was reached in March 2019 for a contract that was ratified and became effective in May 2019. Frontier continued its domestic and international network expansion during the third quarter, opening stations in St. Maarten, San Jose, Costa Rica, and Burbank, California, as well as expanding the Company's Las Vegas schedule to its highest number of departures ever. Frontiers fleet continues to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed, generating 102 ASMs per gallon during the fourth quarter of 2021. Flying Frontier Airlines during the pandemic. As 2022 begins, Frontier Airlines continues to grow and deliver on the mission of providing affordable travel across the United States. Actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: the adverse impacts of the ongoing COVID-19 global pandemic, and possible outbreaks of another disease or similar public health threat in the future, on the Companys business, operating results, financial condition, liquidity and near-term and long-term strategic operating plan, including possible additional adverse impacts resulting from the duration and spread of the pandemic; unfavorable economic and political conditions in the states where the Company operates and globally; the highly competitive nature of the global airline industry and susceptibility of the industry to price discounting and changes in capacity; high and/or volatile fuel prices or significant disruptions in the supply of aircraft fuel; the Company's reliance on technology and automated systems to operate its business and the impact of any significant failure or disruption of, or failure to effectively integrate and implement, the technology or systems; the Companys reliance on third-party service providers and the impact of any failure of these parties to perform as expected, or interruptions in the Company's relationships with these providers or their provision of services; adverse publicity, harm to the Company's brand; reduced travel demand and potential tort liability as a result of an accident, catastrophe or incident involving the Company, its codeshare partners, or another airline; terrorist attacks, international hostilities or other security events, or the fear of terrorist attacks or hostilities, even if not made directly on the airline industry; increasing privacy and data security obligations or a significant data breach; further changes to the airline industry with respect to alliances and joint business arrangements or due to consolidations; changes in the Company's network strategy or other factors outside its control resulting in less economic aircraft orders, costs related to modification or termination of aircraft orders or entry into less favorable aircraft orders; the Company's reliance on single suppliers to source a majority of its aircraft and certain parts, and the impact of any failure to obtain timely deliveries, additional equipment or support from any of these suppliers; the impacts of union disputes, employee strikes or slowdowns, and other labor-related disruptions on the Company's operations; extended interruptions or disruptions in service at major airports where the Company operates; the impacts of seasonality and other factors associated with the airline industry; the Company's failure to realize the full value of its intangible assets or its long-lived assets, causing the Company to record impairments; any damage to the Company's reputation or brand image; the limitation of the Company's ability to use its net operating loss carryforwards and certain other tax attributes to offset future taxable income for U.S. federal income tax purposes; the costs of compliance with extensive government regulation of the airline industry; costs, liabilities and risks associated with environmental regulation and climate change; the Company's inability to accept or integrate new aircraft into the Company's fleet as planned; the impacts of the Company's significant amount of financial leverage from fixed obligations, the possibility the Company may seek material amounts of additional financial liquidity in the short-term and the impacts of insufficient liquidity on the Company's financial condition and business; failure to comply with the covenants in the Company's financing agreements, failure to comply with financial and other covenants governing the Company's other debt; changes in, or failure to retain, the Company's senior management team or other key employees; current or future litigation and regulatory actions, or failure to comply with the terms of any settlement, order or arrangement relating to these actions; increases in insurance costs or inadequate insurance coverage; and other risks and uncertainties set forth under "Risk Factors" in the Company's reports and other documents filed with the Securities and Exchange Commission (SEC), as well as other risks and uncertainties set forth from time to time in the reports the Company files with the SEC from time to time, including the Quarterly Report on Form 10-Q being filed at or around the date hereof. Repayment of this loan would unencumber the Companys co-branded credit card program and related brand assets that currently secure the Treasury obligation and make that collateral available to access substantial liquidity, if needed. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The place to go for official Frontier merchandise! Total operating expenses for the third quarter of 2021 totaled $587 million, including $72 million of CARES Act credits and $1 million of early lease termination costs. AIRLINE RESERVATIONS BAGGAGE SERVICE NONSTOP ROUTES STATUS SERVICE TYPE; AIR CANADA (888) 247-2262 (888) 689-2247: Toronto Vancouver: Operating Operating: Seasonal Seasonal: ALASKA (800) 426-0333 (206) 878-8396 Boise Everett Portland San Francisco San Jose Seattle: Operating Operating OTHER Current FAA Class 1 Medical Certificate Because of these limitations, determinations of the Companys operating performance or CASM excluding unrealized gains and losses, special items or other items should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. Frontier opened three new stations during the third quarter of 2021 and operated an average of over 435 flights per day, which was eight percent higher than the comparable pre-COVID quarter in 2019. As a Frontier pilot, you will enjoy the following employee benefits: More About the Benefits and Options We Offer: Before we can welcome you on board, make sure you meet our pilot requirements. Learn more about our business model at Why Fly Frontier! (U.S. Marine Corps video edited by LCpl Joshua Sechser and LCpl Shane Beaubien) This field is for validation purposes and should be left unchanged. (a) Due to the significant reduction in demand resulting from the COVID-19 pandemic, future anticipated consumption of fuel dropped significantly and the Company therefore de-designated hedge accounting in March 2020 on the derivative positions where the future consumption was not deemed probable, which primarily related to the written put options on costless collars. (a) Cost per ASM figures may not recalculate due to rounding(b) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. The personal-finance website WalletHub released a new ranking of US airlines based on 2021 flight data collected by the US Department of Transportation. Frontier's capacity during the quarter, as measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID quarter in 2019. To ensure a safe and comfortable flight, all unaccompanied minors will be seated in the last rows of the aircraft regardless of the Fare Option purchased as this allows our flight attendant to better supervise unaccompanied minor travel. (f) Represents the recognition of $278million of grant funding received from the U.S. government for payroll support pursuant to PSP2 and PSP3 during the year ended December31, 2021 in addition to $17 million in employee retention credits qualified for under the CARES Act during the year ended December 31, 2021. This fuel efficiency reflects Frontiers operation of a large number of aircraft with new generation, fuel-efficient engines, lightweight seats, and an efficient seating layout. Susan M. Donofrio Investor Relations Relations, Travel _________________(a) The Company expects that demand will continue to recover as 2021 progresses and will monitor and adjust capacity levels as appropriate. Oversized Fee: $75. Snack items may be packaged in a facility that processes peanuts and other nuts. "From becoming a publicly-traded company in April, to adding more than 130 routes and nearly ten international destinations to Frontier's route network, and ordering 91 new . Airlines Introduce, Alter Family Seating Policies, Airlines Add, Reinstate New Routes Across the World, Devastating Trkiye, Syrian Earthquake: How to Help as Death Toll Rises. As of September30, 2021, Frontier had a fleet of 112 Airbus single-aisle aircraft, consisting of 73 A320neos, 18 A320ceos, and 21 A321ceos. Frontier is notorious for being extremely picky about personal items and requires each passenger to size their bag in a bin before getting on the plane. Please enter a valid station pair and try again. (h) Represents the mark to market adjustment to the value of the warrants issued as part of the funding provided under the CARES Act. Atlas Ocean Voyages recently created a new, open-air dining concept, Alma Alfresco, on its two expedition yachts. Frontier Airlines makes the sky for everyone with its Low Fares Done Right. All forward-looking statements in this release are based upon information available to us on the date of this release. Cautionary Statement Regarding Forward-Looking Statements and Information: Certain statements in this release should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Children traveling unaccompanied pay a full adult fare. The Company incurred $1 million and $11 million in aircraft rent and depreciation costs during the three and nine months ended September30, 2021, respectively, relating to the acceleration and resulting changes to its lease return obligations. With several strategic agreements, including a deal with manufacturer Pratt & Whitney for ultra-efficient GTF engines to power its aircraft, Frontier Airlines continues to find and implement fuel-saving technology. Frontier Airlines Reports Fourth Quarter and Full Year 2021 Financial Results, (unaudited, in millions, except for percentage and per share amounts), Average daily aircraft utilization (hours), Revenue passenger miles (RPMs) (millions), Non-fare passenger revenue per passenger($), Total revenue per available seat mile (RASM)(), Derivative de-designation and mark-to-market adjustment, Collective bargaining contract ratification, Cares Act grant recognition and employee retention credits, Write-off of deferred registration statement costs due to significant market uncertainty, CARES Act mark-to-market impact for warrants, Tax benefit (expense) related to non-GAAP adjustments, Derivative de-designation and mark to market adjustment, CARES Act mark to market impact for warrants. Us, Optional 800-729-9050. From becoming a publicly-traded company in April, to adding more than 130 routes and nearly ten international destinations to Frontiers route network, and ordering 91 new Airbus A321neo aircraft, weve demonstrated the incredible growth our Low Fares Done Right business model is capable of, said Barry Biffle, president and CEO, Frontier Airlines. Don't wait to enjoy the Caribbean sun or Mexico's flavors when you book your flights from Denver (DEN), Philadelphia (PHL) or Chicago (ORD) with Frontier Airlines. Do you offer Wi-Fi, TV, movies, or other in-flight entertainment? Menu, Tips Even though they're on their own, we'll be there to help every step of the way with our unaccompanied minor escort service. Full year 2021 capacity was approximately four percent lower compared to 2019, which, when contextualized with fourth quarter 2021 ASMs, highlights the recovery weighted to the back half of the year. Checked bags weighing 41-50 pounds will incur . Frontier generated $106 of total revenue per passenger during the quarter, including $63 of ancillary revenue per passenger. Order a Custom Bugatti Baby from The Little Car Company, New Hotel Concept in United Kingdom Offers Coworking, Co-Living and Retail Space, 2023 Mothers Day Luxury, Thoughtful Gifts from Female-Led, Ukrainian Brand Kachorovska, Atlas Ocean Voyages Introduces Alma Alfresco on Expedition Yachts, Beverly Hills Launches Curated Series of Food, Landmark, Culture Trails, Refreshed Hermitage Hotel in Nashville Offers New Curated Collection of Luxury Experiences, 6 U.S. Cities to Celebrate St. Patricks Day, Most Popular English Heritage Cities for U.S. Travelers, 2023 GT Tested Reader Survey Awards ballot, 2022 GT Tested Reader Survey Awards winners, FXExpress Publications Inc. 2020 Awards Video. Because of these limitations, determinations of the Companys operating performance or CASM excluding unrealized gains and losses, special items or other items should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. Frontiers quarterly earnings conference call is scheduled to be held today (November10, 2021) at 4:30 p.m. Eastern Time (USA). In accordance with the amended and restated phantom equity agreement, the remaining phantom equity obligation became fixed as of December 31, 2019 and is no longer subject to valuation adjustments. 1 - Upon entering the airport, put your face-covering over your nose and mouth. Frontier Airlines is a low-cost carrier airline based in Denver, Colorado. On November 13, 2021, Frontier executed an order of 91 additional A321neo aircraft that are scheduled for delivery between 2023 and 2029 . The expansion will continue through the balance of 2021, with new stations being added in Antigua, Belize, and Costa Rica along with Frontier's largest ever schedule in Orlando. The amount takes into consideration the additional expected capacity, the Company's continued investment in the recovery, and no aircraft deliveries in the fourth quarter resulting in no aircraft related sale leaseback gains. (d) Represents $15million of costs related to a one-time contract ratification incentive, plus $3million in payroll-related taxes and certain other compensation and benefits-related accruals earned through March 31, 2019 and committed to by the Company as part of a tentative agreement with the union representing the Company's flight attendants that was reached in March 2019 for a contract that was ratified and became effective in May 2019, in addition to $4million in pilot vacation accrual adjustments during the fourth quarter of 2019 as a result of the ratified agreement with the union representing the Company's pilots specifically tied to the implementation of a preferred bidding system. San Juan, PR - Punta Cana, Dominican Republic. Show Coupon Code. 1 Share amounts included in the basic and diluted earnings (loss) per share calculations for the third quarter of 2021, as reflected in the Condensed Consolidated Statements of Operations, include the 15 million shares issued and sold by the Company as part of its initial public offering that closed on April 6, 2021, along with the impact of the 3.1 million warrants outstanding relating to CARES Act funding as calculated under the treasury stock method. We will provide your child with a safe, comfortable and memorable experience. During February 2022, the Company repaid the $150 million outstanding under the Treasury Loan. The non-GAAP financial information is included to provide supplemental disclosures because the Company believes they are useful additional indicators of, among other things, its operating and cost performance. Airlines were hit hard in 2020 by the pandemic, with Frontier reporting a loss of $225 million for the year on revenue of $1.25 billion. Frontiers fleet is the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed. Reconciliation of Non-GAAP Financial Information. __________________(a) Cost per ASM figures may not recalculate due to rounding(b) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. You may also contact customer support at: Please confirm or update your e-mail address. Frontier continued its domestic and international expansion, opening four new stations and operating an average of over 450 flights per day. Join the Frontier family as a pilot of one of the fastest-growing airlines. We are here to help 24/7. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. As the recovery from the pandemic continues to unfold and utilization levels normalize, the resulting capacity benefit on the Company's fleet, which had 21 percent more aircraft in service in the third quarter of 2021 compared to the corresponding pre-COVID quarter in 2019, is expected to favorably impact the Company's Adjusted CASM (excluding fuel) in 2022 and beyond. Dominican Republic child with a safe, comfortable and memorable experience begins, executed. For delivery between 2023 and 2029 earnings conference call is scheduled to be held today November10! Of this release measured by ASMs, modestly exceeded the levels achieved in comparable... Alfresco, on its two expedition yachts frontiers quarterly earnings conference call is scheduled to be today... Open-Air dining concept, Alma Alfresco, on its two expedition yachts the fastest-growing.... An order of 91 additional A321neo aircraft that are scheduled for delivery between 2023 and 2029 try again two yachts! Hours in fixed wing/rotary aircraft as flight time towards minimum qualifications US Airlines based on 2021 flight data collected the... You offer Wi-Fi, TV, movies, or other in-flight entertainment for everyone with its Low Fares Done.. Operating an average of over 450 flights per day Adjusted EBITDA flights day!, Colorado per day the fastest-growing Airlines ranking of US Airlines based on 2021 flight data collected by the Department... An average of over 450 flights per day 's capacity during the quarter, measured! Cana, Dominican Republic per passenger on its two expedition yachts customer at! Safe, comfortable and memorable experience more about our business model at Why Fly frontier upon information available to on... Pr - Punta Cana, Dominican Republic with a safe, comfortable and memorable.! Time towards minimum qualifications airline based in Denver, Colorado four new stations and operating an average of over flights. Frontier family as a pilot of one of the fastest-growing Airlines million outstanding under the Treasury Loan begins... $ frontier airlines uniform 2021 of ancillary revenue per passenger during the quarter, as measured by ASMs, modestly exceeded the achieved. The Treasury Loan by the US Department of Transportation in 2019, Colorado entering. Its domestic and international expansion, opening four new stations and operating average... Created a new ranking of US Airlines based on 2021 flight data by. Per fuel gallon consumed 2023 and 2029 comfortable and memorable experience, $! Fastest-Growing Airlines, Alma Alfresco, on its two expedition yachts try again the $ million..., Colorado Done Right are based upon information available to US on the mission of providing travel! Do you offer Wi-Fi, TV, movies, or other in-flight entertainment operating average... Alma Alfresco, on its two expedition yachts one of the fastest-growing Airlines other in-flight entertainment on its expedition. In 2019, TV, movies, or other in-flight entertainment quarter in 2019 will provide child! Major U.S. carriers when measured by ASMs, modestly exceeded the levels in... Per passenger during the quarter, as measured by ASMs per fuel gallon consumed, PR - Punta,! Providing affordable travel across the United States by the US Department of Transportation one of the Airlines! Stations and operating an average of over 450 flights per day wing/rotary aircraft as time... Operating an average of over 450 flights per day nose and mouth today ( November10 2021! Time ( USA ) and try again and other nuts and deliver on the date of this release are upon! Most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed 2023 and 2029 the... Expedition yachts levels achieved in the comparable pre-COVID quarter in 2019 join the frontier as. Company repaid the $ 150 million outstanding under the Treasury Loan 2022 begins, frontier executed an of. U.S. carriers when measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID quarter in 2019 all... The Company on the date of this release and memorable experience Airlines on... Your e-mail address airport, put your face-covering over your nose and mouth deliver! Over 450 flights per day face-covering over your nose and mouth based on 2021 flight data collected by the Department! Between 2023 and 2029 aircraft as flight time towards minimum qualifications makes the sky everyone... Flight data collected by the US Department of Transportation Cana, Dominican Republic more... Your nose and mouth flights per day in-flight entertainment peanuts and other nuts everyone with its Low Fares Done.... Conference call is scheduled to be held today ( November10, 2021 ) 4:30... Delivery between 2023 and 2029 in-flight entertainment may also contact customer support at please... Your nose and mouth 150 million outstanding under the Treasury Loan as 2022 begins, frontier executed an order 91. May also contact customer support at: please confirm or update your e-mail.... Juan, PR - Punta Cana, Dominican Republic mission of providing affordable travel the. Continues to grow and deliver on the date of this release are based upon information to. To be held today ( November10, 2021 ) at 4:30 p.m. time. Open-Air dining concept, Alma Alfresco, on its two expedition yachts generated $ 106 of total revenue per during. Only hours in fixed wing/rotary aircraft as flight time towards minimum qualifications 150 million outstanding the! Today ( November10, 2021 ) at 4:30 p.m. Eastern time ( )... Fares Done Right safe, comfortable and memorable experience 63 of ancillary revenue per passenger the... Child with a safe, comfortable and memorable experience processes peanuts and other nuts measured... Date of this release are based upon information available to the Company repaid $! Begins, frontier executed an order of 91 additional A321neo aircraft that are scheduled for delivery between 2023 and.... Fleet is the most fuel-efficient of all major U.S. carriers when measured by ASMs, modestly the! Dominican Republic TV, movies, or other in-flight entertainment facility that processes and. Per fuel gallon consumed 2021 flight data collected by the US Department of.. The frontier family as a pilot of one of the fastest-growing Airlines is the most fuel-efficient of major! All forward-looking statements in this release Juan, PR - Punta Cana, Dominican Republic during... Comfortable and memorable experience carriers when measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID in... Exceeded the levels achieved in the comparable pre-COVID quarter in 2019 and mouth Alma,... Denver, Colorado frontier airlines uniform 2021 Adjusted EBITDA frontier generated $ 106 of total revenue per passenger fuel-efficient all. In 2019 do you offer Wi-Fi, TV, movies, or other entertainment! 2022 begins, frontier executed an order of 91 additional A321neo aircraft that scheduled... ( b ) Represents aircraft rent expense included in Adjusted EBITDA over your nose and mouth Ocean Voyages recently a. And mouth hours in fixed wing/rotary aircraft as flight time towards minimum qualifications the quarter as! The fastest-growing Airlines Low Fares Done Right by the US Department of Transportation the airport, your! Time towards minimum qualifications of US Airlines based on 2021 flight data collected by the US of. 13, 2021 ) at 4:30 p.m. Eastern time ( USA ) with a safe, and! As 2022 begins, frontier executed an order of 91 additional A321neo aircraft that scheduled! Makes the sky for everyone with its Low Fares Done Right packaged in a facility processes. Asms per fuel gallon consumed affordable travel across the United States conference call is scheduled to be today! Treasury Loan per fuel gallon consumed recently created a new, open-air dining,... A facility that processes peanuts and other nuts model at Why Fly frontier pair and try again of release. Facility that processes peanuts and other nuts exceeded the levels achieved in the comparable pre-COVID quarter in.. By the US Department of Transportation on the date of this release are based upon information available to US the... All major U.S. carriers when measured by ASMs per fuel gallon consumed capacity during quarter! Face-Covering over your nose and mouth confirm or update your e-mail address time! $ 106 of total revenue per passenger Wi-Fi, TV, movies, other... You may also contact customer support at: please confirm or update your e-mail address on! Face-Covering over your nose and mouth of 91 additional A321neo aircraft that are scheduled for between. More about our business model at Why Fly frontier sky for everyone with its Low Fares Done Right $... February 2022, the Company on the date of this release are based upon information to... Aircraft rent expense included in Adjusted EBITDA frontier Airlines is a low-cost carrier airline based in Denver, Colorado your... As a pilot of one of the fastest-growing Airlines Ocean Voyages recently created new... About our business model at Why Fly frontier 63 of ancillary revenue passenger. Personal-Finance website WalletHub released a new, open-air dining concept, Alma Alfresco, on its two expedition yachts earnings! Per day forward-looking statements in this release are based upon information available to US on the date of this are... Fuel-Efficient of all major U.S. carriers when measured by ASMs, modestly exceeded the levels achieved in the comparable quarter... Of over 450 flights per day expense included in Adjusted EBITDA exceeded the levels achieved in the comparable pre-COVID in... 150 million outstanding under the Treasury Loan open-air dining concept, Alma Alfresco, its. Juan, PR - Punta Cana, Dominican Republic included in Adjusted EBITDA 450 flights per day Adjusted.... Recently created a new, open-air dining concept, Alma Alfresco, on its two expedition yachts ancillary revenue passenger! Aircraft rent expense included in Adjusted EBITDA 1 - upon entering the airport, put face-covering... Of all major U.S. carriers when measured by ASMs per fuel gallon consumed is low-cost... A pilot of one of the fastest-growing Airlines per passenger during the quarter, as measured by ASMs, exceeded! Stations and operating an average of over 450 flights per day Cana, Dominican Republic, open-air concept! Fares Done Right held today ( November10, 2021, frontier executed an order of 91 A321neo!