Company Watch - Frontier Airlines.Nov 6, 2006 Frontier Airlines This article is about Frontier Airlines that was founded in 1994. For the company known as Frontier Airlines from 1950 to 1986, see Frontier Airlines (1950-1986). For the similarly named Frontier Flying Service see Frontier Flying Service. Frontier Airlines revenues increased 19.9% to $309.9 million while expenses climbed 25.3% to $306.8 million, producing operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $3.96 million including $868,000 in business interruption insurance Noun 1. business interruption insurance - insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril proceeds. RPMs grew 15.4% to 2.24 billion on a 14.7% rise in capacity to 2.89 billion ASMs, resulting in a load factor of 77.5%, up 0.4 point. Passenger yield was ahead 5.3% to 12.31 cents as RASM RASM Revenue per Available Seat Mile RASM Reliability, Availability, Scalability and Manageability (Red Hat, Inc.) RASM Rear Admiral Submarines (UK) RASM Recorded Announcement Systems Manager rose 5.9% to 9.54 cents and CASM CASM Cost per Available Seat Mile CASM Communities and Small-scale Mining CASM Canadian Academy of Sports Medicine CASM Certificate of Advanced Study in Mathematics (Univeristy of Cambridge, UK) CASM Coherent Adaptive Subcarrier Modulation lifted 11.2% to 9.65 cents. CASM excluding fuel was up 4.8% to 6.14 cents. Oct 30, 2006 Frontier Airlines Frontier Airlines reported net income of $509,000 for its fiscal second quarter ended Sept. 30, narrowed from net income of $6.9 million in the year-ago quarter. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jeff Potter expressed satisfaction that the carrier stayed in the black in spite of volatile fuel costs, tough competition and the negative impact of new security measures. Oct 30, 2006 Frontier Airlines Frontier said it is focusing on boosting Mexican services and "will have over 86 flights a week to Mexico from Denver alone," according to Potter. Given the "strength" in Mexico service, "we expect our December quarterly results will be at or near breakeven, a significant improvement over last year's quarterly results." Oct 30, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 30, 2006 |
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