Frontier Airlines Holdings reports loss for fiscal year and fourth quarter.
Frontier Airlines Holdings Inc (Nasdaq: FRNT) has reported its results for the fiscal year ended 31 March 2007.
The airline reported a net loss of USD20.4m for the 12-month period, compared to a net loss of USD14.0m for the previous year.
Included in the net loss for the latest fiscal year was a non-cash valuation allowance on net deferred tax assets of USD4.0m, offset by a non-cash mark to market fuel derivative gain which decreased pre-tax fuel expense by USD12.8m, and also USD0.7m in pre-tax gains relating to the sale of Boeing parts held for sale.
For the fiscal fourth quarter ended 31 March 2007 the airline reported a net loss of USD10.4m, an increase from the net loss of USD7.9m for the same period last year.
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|Publication:||Airline Industry Information|
|Article Type:||Financial report|
|Date:||May 25, 2007|
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