ULCC

Frontier Airlines Names James G. Dempsey President and Mark C. Mitchell as CFO

Retrieved on: 
Thursday, October 19, 2023
Starwood, CAO, PwC, Market for corporate control, Operations research, Saks, Frontier, United Airlines, University of Sydney School of Architecture, Design and Planning, Customer service, Senior, Mitchell, Ryanair, Growth, Commercial, ULCC, Canada, Management, Airbus, Accounting

DENVER, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced the promotion of James G. Dempsey to President, and Mark C. Mitchell to Senior Vice President and Chief Financial Officer, both reporting to CEO Barry Biffle.

Key Points: 
  • DENVER, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced the promotion of James G. Dempsey to President, and Mark C. Mitchell to Senior Vice President and Chief Financial Officer, both reporting to CEO Barry Biffle.
  • Dempsey previously served as Frontier’s Executive Vice President and Chief Financial Officer.
  • Mitchell, who previously served as Frontier’s VP, CAO and VP, Finance and Investor Relations, will assume Dempsey’s former role.
  • “They are exceptional leaders who are well-positioned to guide our airline into the future.”
    Dempsey joined Frontier in 2014 as Chief Financial Officer.

Frontier Group Holdings Announces Webcast of Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 18, 2023
ULCC, Frontier Airlines, Online shopping

DENVER, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., will be releasing third quarter 2023 financial results before market open on Thursday, October 26, 2023.

Key Points: 
  • DENVER, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., will be releasing third quarter 2023 financial results before market open on Thursday, October 26, 2023.
  • Management will host a live webcast with analysts to discuss these results the same day at 11:00am ET.
  • The webcast will be available to the public on a listen-only basis at http://ir.flyfrontier.com .
  • An archive of the call will be available on the company’s website for 30 days.

Volaris Reports September 2023 Traffic Results: 3% YoY Demand Growth with an 84% Load Factor; Updating Full-Year 2023 Guidance

Retrieved on: 
Tuesday, October 10, 2023
NYSE, P&W, Yoy, CITY, Total, EBITDAR, Pratt, MEXICO, ASM, BMV, CASM, Pratt & Whitney, VLRS, ULCC, GTF, Airline, Volaris

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its September 2023 preliminary traffic results.

Key Points: 
  • de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its September 2023 preliminary traffic results.
  • In September 2023, Volaris’ capacity (measured in ASMs) increased by 7.5% year-over-year, while demand (measured in RPMs) increased by 3.1%; the result was a load factor decrease of 3.6 pp YoY to 83.8%.
  • Demand (measured in RPMs) in the Mexican domestic market decreased by 4.6%, while in the international market, demand increased by 22.4%.
  • The Volaris team is actively executing plans to mitigate the engine inspection impact, including a project to optimize our route network.

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Frontier Group Holdings, Inc. (NASDAQ: ULCC) and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, October 2, 2023
Acquisition, Frontier, ULCC, Financial adviser

Kaskela Law LLC announces that it is investigating Frontier Group Holdings, Inc. (NASDAQ: ULCC) (“Frontier”) on behalf of the company’s investors.

Key Points: 
  • Kaskela Law LLC announces that it is investigating Frontier Group Holdings, Inc. (NASDAQ: ULCC) (“Frontier”) on behalf of the company’s investors.
  • Frontier stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis.
  • For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .

Volaris successfully completes Ps. $1.5 billion Asset-Backed Trust Notes Offering

Retrieved on: 
Saturday, September 30, 2023
MEXICO, Communication, VLRS, S.A, City centre, CITY, Trust, BMV, Securities commission, ULCC, Sale, TIIE, VISA, Collection, Mastercard, NYSE, Online shopping

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, has successfully concluded the issuance of 15 million asset-backed trust notes (the “Trust Notes”) in Mexico under the ticker VOLARCB 23, totaling Ps.

Key Points: 
  • de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, has successfully concluded the issuance of 15 million asset-backed trust notes (the “Trust Notes”) in Mexico under the ticker VOLARCB 23, totaling Ps.
  • This is the third offering under the program authorized by the Mexican National Banking and Securities Commission for an amount of up to Ps.
  • The Trust Notes were rated "HR AA+ (E)" and "AA+/M(e)" by the rating agencies HR Ratings de México, S.A. de C.V. and Verum Calificadora de Valores, S.A.P.I.
  • de C.V., respectively, and have a five-year maturity term and carry an interest rate of 28-day TIIE (interbank rate) + 215 basis points.

Frontier Airlines to Participate in the Morgan Stanley 11th Annual Laguna Conference

Retrieved on: 
Monday, September 11, 2023
Morgan Stanley, Morgan, PT, Conference, ULCC, Cryptocurrency

DENVER, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced that Barry Biffle, President & CEO, will present at the Morgan Stanley 11th Annual Laguna Conference on Wednesday, September 13, 2023 at 12:15pm PT.

Key Points: 

DENVER, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced that Barry Biffle, President & CEO, will present at the Morgan Stanley 11th Annual Laguna Conference on Wednesday, September 13, 2023 at 12:15pm PT.

Volaris Reports August 2023 Traffic Results: 14% YoY Demand Growth with an 87% Load Factor

Retrieved on: 
Wednesday, September 6, 2023
MEXICO, VLRS, CITY, BMV, ULCC, Yoy, Volaris, NYSE, Airline

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its August 2023 preliminary traffic results.

Key Points: 
  • de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its August 2023 preliminary traffic results.
  • In August 2023, Volaris’ capacity (measured in ASMs) increased by 11.4% year-over-year, while demand (measured in RPMs) increased by 14.3%; the result was a load factor increase of 2.3 pp YoY to 87.2%.
  • Volaris transported 3.1 million passengers during the month, a 12.9% increase compared to August 2022.
  • Enrique Beltranena, Volaris’ President and CEO, said: “In August 2023, Volaris carried its greatest number of passengers in a single month.

Frontier Airlines to Participate in the TD Cowen 16th Annual Global Transportation Conference

Retrieved on: 
Friday, September 1, 2023
EVP, Webcast, CFO, Transport, Conference, TD, ULCC, Rare-earth element, Online shopping, Video game

DENVER, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced that Jimmy Dempsey, EVP & CFO, will present at the TD Cowen 16th Annual Global Transportation Conference on Wednesday, September 6, 2023, at 9:10am ET.

Key Points: 
  • DENVER, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced that Jimmy Dempsey, EVP & CFO, will present at the TD Cowen 16th Annual Global Transportation Conference on Wednesday, September 6, 2023, at 9:10am ET.
  • The event will be webcast and may be accessed through a link posted to the Company’s investor relations website at https://ir.flyfrontier.com/news-and-events/events.

Volaris Reports July 2023 Traffic Results: 10% YoY Demand Growth with an 88% Load Factor

Retrieved on: 
Wednesday, August 2, 2023
MEXICO, Travel, VLRS, CITY, BMV, ULCC, Yoy, Volaris, NYSE, Airline

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its July 2023 preliminary traffic results.

Key Points: 
  • de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its July 2023 preliminary traffic results.
  • In July 2023, Volaris’ capacity (measured in ASMs) increased by 5.9% year-over-year, while demand (measured in RPMs) increased by 9.8%; the result was a load factor increase of 3.1 pp YoY to 87.8%.
  • Enrique Beltranena, Volaris’ President and CEO remarked: “July has proven to be a robust month for Volaris.
  • We are pleased to observe improvements in our top-line metrics, particularly evident in the year-on-year comparison of load factors.

Frontier Airlines Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 1, 2023
Vancouver's greenest city action plan, ASMS, Atmosphere, Frontier Airlines, Airbus A320neo family, Aviation, GAAP, Carbon, European Low Fares Airline Association, ULCC, Appendix, CASM, Transport, Team, Aircraft, Video game, Airline, Frontier, Midway International Airport

DENVER, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the second quarter of 2023 and issued guidance for the third quarter and full year 2023.

Key Points: 
  • DENVER, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the second quarter of 2023 and issued guidance for the third quarter and full year 2023.
  • "I'm proud of the strong work ethic of Team Frontier employees as we managed through the challenging conditions presented by June weather.
  • We are focused on delivering Low Fares Done Right, including sustaining our cost advantage over the industry as we grow the airline.”
    The following is a summary of second quarter select financial results, including both GAAP and adjusted (non-GAAP) metrics.
  • Refer to “Reconciliations of Non-GAAP Financial Information” in the appendix of this release.