Frontier Reports Fourth Straight Monthly Operating Profit

Frontier Airlines Holdings, Inc. reported an operating profit of $1.5 million for the month of February, Frontier’s fourth consecutive monthly operating profit. Frontier also reported a consolidated net loss of $3.2 million for the month. The results were filed in the company’s Monthly Operating Report for February 2009.

Excluding non-cash mark-to-market fuel hedge transactions, Frontier would have reported an operating loss of $2.6 million. Further, excluding reorganization costs, the company would have reported a consolidated net loss of $4.8 million.

Frontier’s February financial results included reorganization costs of $2.6 million, a realized loss on fuel hedge contracts of $4.5 million, which was almost completely offset by a mark-to-market gain of $4.1 million on fuel hedging activity.