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Frontier Airlines has announced an update to its fourth-quarter 2024 guidance, anticipating better-than-expected results ahead of the official release on February 7. The airline credits momentum in revenue and cost initiatives for the improved outlook, projecting a pre-tax margin of around 4%, up from previous expectations.
The carrier's revenue per available seat mile (RASM) is forecasted to grow by 14% year-on-year, driven by efforts under 'The New Frontier' program. This includes network optimization and yield management strategies. "The RASM uplift is further supported by the Company’s shift to network simplification," according to the airline.
In terms of operational performance, Frontier Airlines was ranked eighth in North America for on-time performance in 2024 with a completion rate of 98.34%. Delta Air Lines led the rankings despite challenges from an IT outage earlier in the year.
