Frontier posts 6th straight monthly operating profit - Dayton Business Journal:

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million net profit in April, up from a $26.9i million loss in April 2008, the month it filec for Chapter 11bankruptct protection. Denver-based Frontier, the No. 2 carrier at behinf United Airlines, said Thursday its consolidatesd operating profit for Aprilwas $5 million, versusw an operating loss of $21.9 million for the same month a year ago. It was the sixthg consecutive month the airline reported an operating The airline files a monthlg operations report under terms of its Chaptedr11 filing. Frontier said that excluding $1.1 milliob in expenses associated with it would have reported net incomeof $3.4 million in or a net margin of 4 percent.
"Oncde again, for the sixth month in a row, we have seen the payofdf of our year-long restructuring and cost-reduction Frontier President/CEO Sean Menke said in a "We have driven our operating costs to amonv the lowest inthe industry, giving us the cost structurer needed to produce operating profitably for the last six months in one of the most competitivse markets in the country and durinvg one the most difficult economies in nearly 80 Frontier reported April passenger revenue per seat mile (its averag revenue from flying one passenger one of 8.51 cents, down 2.1 percent from a year That was despite a 12.
3 percent declinde in total passengers in April from the same monthg a year ago, as Frontier reported earliet this month, and a drop in revenues passenger miles for the month of 17.5 But Frontier also has cut capacity over the last year by sellinfg off planes and has sharply trimmed costs. Its costs per seat mile for the mont hwere 8.49 cents, down 19.5 cents, and its unit costa excluding fuel were 6.24 cents, down 1.4 A bankruptcy-court judge last week gave Frontier until Oct. 9 to submit a reorganizatiob plan for the airline to emerge fromChapter 11. The company has been talkinfg toexit financiers.