Frontier Airlines reported a 71% rise in airfare in the third quarter as it passed along a larger jump in jet fuel costs. Fare revenue averaged $67.82 per passenger, up from $39.74, and total revenue per passenger including fees rose 30% to $138.22. Passenger count rose 18% to more than 9.8 million, and the company said demand remained strong despite higher prices. Still, the third-quarter loss widened to $104 million from $77 million, as its fuel bill climbed 82% to $425 million. For the fourth quarter, Frontier expects an adjusted loss of 15 cents per share to adjusted earnings of as much as 5 cents per share, and shares rose about 6% in early trading.
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- CCTV Script 23 / 10 / 26
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