Frontier Group Shares Up 8% Following Q4 Results & Merger Announcement With Spirit Airlines
<p><a href='https://financialmodelingprep.com/financial-summary/ULCC'>Frontier Group Holdings, Inc. (NASDAQ:ULCC) </a>shares were trading more than 8% higher Wednesday afternoon following the company’s reported Q4 results, which came in better than expected. But the results were overshadowed by news on a planned merger with Spirit Airlines.</p>
<p>The company delivered an adjusted EPS of ($0.25), which is better than the Street estimate of ($0.32). Total revenue per passenger was around $103, down 4% compared to the same period in 2019, and ancillary revenue per passenger was $63, 8% higher than in Q4/19. </p>
<p>Management said the company’s focus will remain on returning the airline to full utilization this year while remaining flexible with the capacity to return to load factors similar to Q4/19 levels. </p>
<p>Given the merger announcement with Spirit, the company didn’t provide any guidance for Q1 or 2022, as management will be focused on completing the transaction by the second half of this year.</p>

NASDAQ:ULCC