Frontier Airlines’ airfare increase hit 71%, but its loss widened to $104 million

Passenger growth at Frontier Frontier Airlines reported a 71% airfare increase for the third quarter, but higher ticket revenue did not prevent a deeper loss as fuel costs climbed even faster. The country’s largest budget airline lost $104 million, compared with $77 million a year earlier, despite carrying more passengers. Key takeaways Frontier’s average fare revenue reached $67.82 per passenger. Quarterly passenger traffic grew 18%, topping 9.8 million. The airline’s fuel bill jumped 82% to $425 million. Frontier Airlines’ airfare increase lifts revenue per passenger Frontier’s average fare revenue per passenger rose to $67.82 from $39.74 a year earlier.

Source: The Cryptonomist