The following is a summary of the fourth quarter and full year 2021 select financial results, including both GAAP and adjusted (Non-GAAP) metrics. From becoming a publicly-traded company in April, to adding more than 130 routes and nearly ten international destinations to Frontiers route network, and ordering 91 new Airbus A321neo aircraft, weve demonstrated the incredible growth our Low Fares Done Right business model is capable of, said Barry Biffle, president and CEO, Frontier Airlines. Of this amount, ancillary revenue was $63 per passenger, eight percent higher than the comparable 2019 quarter, supported by the economic recovery and the Company's innovative product offerings. Excludes aircraft rent expense of $10 million for the year ended December31, 2021 for costs incurred due to the early termination of the Company's A319 leased aircraft. Added approximately 130 routes and 20 destinations. San Juan, PR - Punta Cana, Dominican Republic. Frontier completed an order of 91 additional A321neo aircraft in November 2021 that are scheduled for delivery between 2023 and 2029. __________________(a) Cost per ASM figures may not recalculate due to rounding(b) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. Even though they're on their own, we'll be there to help every step of the way with our unaccompanied minor escort service. The fourth quarter and full year 2021 guidance items provided below are based on the Company's current estimates and are not a guarantee of future performance. With over 230 new Airbus planes on order, Frontier will continue to grow to deliver on the mission of providing affordable travel across America. After becoming publicly traded last April, Frontier Airlines continued to see more growth as the airline heads into another year. These aircraft commitments will enable the Company to significantly increase in size by 2029. Reconciliation of Total Operating Expenses to Adjusted Total Operating Expenses($ in millions) (unaudited), __________________(a) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items.Reconciliation of EBITDA to EBITDAR and EBITDA to Adjusted EBITDAR($ in millions) (unaudited), __________________(a) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. As the recovery from the pandemic continues to unfold and utilization levels normalize, the resulting capacity benefit on the Company's fleet, which had 21 percent more aircraft in service in the third quarter of 2021 compared to the corresponding pre-COVID quarter in 2019, is expected to favorably impact the Company's Adjusted CASM (excluding fuel) in 2022 and beyond. The Company generated $63 of ancillary revenue per passenger during the quarter. Derivations of net income and CASM are well-recognized performance measurements in the airline industry that are frequently used by the Companys management, as well as by investors, securities analysts and other interested parties in comparing the operating performance of companies in the airline industry. These forward-looking statements are based on the Companys current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. (h) Represents the mark to market adjustment to the value of the warrants issued as part of the funding provided under the CARES Act. (d) Represents $15million of costs related to a one-time contract ratification incentive, plus $3million in payroll-related taxes and certain other compensation and benefits-related accruals earned through March 31, 2019 and committed to by the Company as part of a tentative agreement with the union representing the Company's flight attendants that was reached in March 2019 for a contract that was ratified and became effective in May 2019, in addition to $4million in pilot vacation accrual adjustments during the fourth quarter of 2019 as a result of the ratified agreement with the union representing the Company's pilots specifically tied to the implementation of a preferred bidding system. Frontiers fleet is the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed. Frontier took delivery of five A320neo aircraft during the quarter and has no planned aircraft deliveries during the fourth quarter of 2021. We continue to view the Delta variant as transient and remain focused on getting the airline back to full utilization in the second quarter of 2022 while being nimble to address any further impacts from the Delta or other COVID-19 variants.". Frontiers $105.75 of total revenue per passenger during the quarter included $63.01 of ancillary revenue per passenger. Reconciliation of Total Operating Expenses to Adjusted Total Operating Expenses($ in millions) (unaudited). The Company is providing below a reconciliation of GAAP financial information to the non-GAAP financial information provided. The use of these aircraft, Frontiers seating configuration, weight-saving tactics and baggage process have all contributed to the airlines average of 43 percent fuel savings compared to other U.S. airlines (fuel savings is based on Frontier Airlines 2019 ASMs per fuel gallon consumed compared to the weighted average of major U.S. airlines), which makes Frontier the most fuel-efficient U.S. airline. Do you offer Wi-Fi, TV, movies, or other in-flight entertainment? Policy, California We consider children from ages five to 14 to be unaccompanied minors when traveling without a companion of at least 15 years of age. By clicking "continue," I agree with the rules and fees of unaccompanied minors. Fernando, the sales director, and Carlos, our butler for our stay, greeted us at the club. Frontier's current forward guidance estimates, summarized in the table below, take the lingering effect from the Delta variant into consideration along with higher expected fuel prices. Frontier Airlines Coupons & Promo Codes Submit a Coupon Save with 7 Frontier Airlines Offers. Email: investorrelations@flyfrontier.com Phone: 917.518.1378. (a) Due to the significant reduction in demand resulting from the COVID-19 pandemic, future anticipated consumption of fuel dropped significantly and the Company therefore de-designated hedge accounting in March 2020 on the derivative positions where the future consumption was not deemed probable, which primarily related to the written put options on costless collars. In addition, most of the Company's 9.2million outstanding options are participating securities and are therefore not expected to be part of the Company's diluted share count under the two-class method until they are exercised but are included as an adjustment to the numerator of the Company's earnings per share calculation as they are eligible to participate in the Company's earnings. Frontier had 109 average aircraft in service during the third quarter of 2021 as compared to 90 during the third quarter of 2019. Cautionary Statement Regarding Forward-Looking Statements and Information: Certain statements in this release should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. After a bit of frustration struck us at the airport, being unable to locate our scheduled transportation to the resort, we quickly put that behind us when we were instantly greeted with the fresh peppermint scent of the lobby. Accident. We require all of the following information when booking and checking in an unaccompanied minor: o The name and telephone number of the adult bringing the child to the airport. Frontier is America's Greenest Airline. __________________(a) Reference End Note 1 within the previous section for discussion on basic and diluted shares. The non-GAAP financial information is included to provide supplemental disclosures because the Company believes they are useful additional indicators of, among other things, its operating and cost performance. Book your flights from the United States with the airline that will take care of your needs so . 2023 Frontier Group Holdings, Inc. All rights reserved. Our pilots receive industry competitive benefits. Frontier ended the fourth quarter of 2021 with $918million of unrestricted cash and cash equivalents. Review what you'll need below: Frontier considers only hours in fixed wing/rotary aircraft as flight time towards minimum qualifications. Frontiers fleet continues to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed, generating 102 ASMs per gallon during the fourth quarter of 2021. Summer Pass from ultra-low, DENVER January 31, 2023 Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) today announced a major expansion of service to Puerto Rico, Frontier Airlines Automatically Seats Children with a Family Member or Adult in Their Party, Frontier Airlines and Pratt & Whitney Name GTF-powered A321neo Edward the Bald Eagle, in Honor of Late Tuskegee Airman Edward Hall, Frontier Airlines Launches GoWild! As directed by TSA, gate passes may only be provided to a limited number of people. Such forward-looking statements are and will be subject to many risks and uncertainties relating to the Companys operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. See footnote (b) under the caption Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss). Please contact our. OTHER Current FAA Class 1 Medical Certificate These aircraft were originally scheduled to return in December 2021 and were instead returned during the second and third quarters of 2021. The lack of these services and electrical outlets on our flights means cost savings, and the lowest fares possible can be passed on to our customers! Flying Frontier Airlines during the pandemic. Menu, Tips o The name and telephone number of the adult meeting the child at his/her destination. Added bases like Tampa (TPA) and Atlanta (ATL) expanded the companys local benefit with new jobs and more attractive base options for team members. They sell so many tickets and end up canceling other peoples flights because there is no room available. (c) Represents the impact of the change in value and vesting of phantom equity units pursuant to the Pilot Phantom Equity Plan. Housed in a former, early 20th-century cotton warehouse, canal-side LEVEN Manchester has a modern, industrial feel to it thanks to exposed brick walls and contemporary furnishings. During the fourth quarter, we increased our capacity, departures, fuel efficiency and level of ancillary revenue per passenger versus the comparable pre-COVID period. Frontiers fleet continues to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed, generating almost 100 ASMs per gallon during the third quarter of 2021. For all customer service questions, call 1-800-921-8101. ), please refer to Frontier's policy. During February 2022, the Company repaid the $150 million outstanding under the Treasury Loan. This amount of ancillary revenue per passenger was five percent higher than the second quarter of 2021 and 12 percent higher than the $56.32 of ancillary revenue per passenger generated during the comparable pre-COVID quarter in 2019. Frontier has no planned aircraft deliveries during the fourth quarter of 2021. Flyfrontier.com. Frontier will begin flying between Oakland, California and Las Vegas starting February 5, 2021. We can't wait for your career to soar with us! Total operating revenues for the third quarter of 2021 were $630 million, with total revenue per passenger of $105.75, an increase of eight percent compared to the $98.06 generated in the second quarter of 2021 and reflecting 97 percent of the comparable amount during the pre-COVID quarter in 2019. Frontier Airlines makes the sky for everyone with its Low Fares Done Right. Because we want your child's travel experience to be as smooth as possible, we recommend that you check in at least two hours prior to departure. View a map of destination cities served by Frontier Airlines and its partners. The spring/summer 2023 collection, titled MODERN WOMANHOOD, celebrates the countless roles women assume in todays age. Regardless of fare type purchased, we charge a $110 service fee per direction for each traveling unaccompanied minor to cover extra handling, a beverage, and a snack. Travel / My Trips / Route Map. Frontier's capacity, measured by ASMs, was four percent higher in the fourth quarter compared to the corresponding 2019 quarter. The Companys adjusted total operating expense was $658 million, including $166 million of fuel expenses at an average cost per gallon of $2.19. (f) Represents the recognition of $72million and $278million of grant funding received from the U.S. government for payroll support pursuant to PSP2 and PSP3 during the three and nine months ended September30, 2021, respectively, in addition to $17 million in employee retention credits qualified for under the CARES Act during the nine months ended September 30, 2021. at Purchase, Unaccompanied Minor Request For Carriage Form, New Bag Continued the domestic and international network expansion, opening stations in Antigua, Belize, Costa Rica, and Newburgh/Stewart, NY during the fourth quarter. Don't wait to enjoy the Caribbean sun or Mexico's flavors when you book your flights from Denver (DEN), Philadelphia (PHL) or Chicago (ORD) with Frontier Airlines. All-You-Can-Fly Summer Pass at Special Introductory Price of $399, Frontier Airlines Announces Major Expansion of Service to Puerto Rico, including 5 Additional Nonstop Routes to San Juan, Plus New Service to Aguadilla and Ponce, About Frontier Airlines Announces Major Expansion of Service to Puerto Rico, including 5 Additional Nonstop Routes to San Juan, Plus New Service to Aguadilla and Ponce DENVER - January 31, 2023 - Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) today announced a major expansion of service to Puerto Rico Read More CITY NEWS View More February , It also saves time! The calculation of Adjusted CASM including net interest provided in the tables above reflects the sum of Adjusted CASM and net interest expense (income) excluding special items per ASM. With nearly 30 million overseas residents recorded visiting the United Kingdom in 2022, according to Statista, this number is expected to climb another 5 million this year, surpassing 2019 numbers. We recommend you feed your child prior to departure or provide your child with a snack to carry on the flight. Policy, Copyright 2023 Frontier These services are not currently available on Frontier flights. special section announcing the 2021 Airline Excellence Awards! Executed an order of 91 additional A321neo aircraft in November 2021 which are scheduled for delivery between 2023 and 2029. Nov. 10, 2021 | 3:27. AIRLINE RESERVATIONS BAGGAGE SERVICE NONSTOP ROUTES STATUS SERVICE TYPE; AIR CANADA (888) 247-2262 (888) 689-2247: Toronto Vancouver: Operating Operating: Seasonal Seasonal: ALASKA (800) 426-0333 (206) 878-8396 Boise Everett Portland San Francisco San Jose Seattle: Operating Operating The place to go for official Frontier merchandise! Frontier Airlines Saw Exponential Growth in 2021. If you need help ordering or upgrading Frontier services, contact our trained Frontier sales agents at 1-855-558-5007. Privacy All forward-looking statements in this release are based upon information available to us on the date of this release. Frontiers adjusted total operating expenses, excluding fuel, totaled $492 million. Investors may listen to the live audio webcast on the investor relations section of the Company's website at https://ir.flyfrontier.com. The use of these aircraft, Frontiers seating configuration, and weight-saving initiatives have all contributed to the airlines average of, Frontier is also committed to families, not only offering the lowest fares, but also enabling children 14 years and younger to fly free through the airlines DISCOUNT DEN. Reconciliation of CASM to Adjusted CASM (excluding fuel) and Adjusted CASM including net interest (unaudited). Excludes aircraft rent expense of $1 million and $10 million for the three and nine months ended September30, 2021, respectively, for costs incurred due to the early termination of the Company's A319 leased aircraft. Reconciliation of Non-GAAP Financial Information. Frontier Airlines (NASDAQ: ULCC) is committed to Low Fares Done Right. Headquartered in Denver, Colorado, the Company operates more than 100 A320 family aircraft and has the largest A320neo fleet in the U.S. Children traveling unaccompanied pay a full adult fare. "Despite the impact of the Delta variant on bookings during the quarter, we increased our capacity, departures and level of ancillary revenue per passenger as compared to the comparable pre-COVID quarter. Frontier's capacity, as measured by ASMs, modestly exceeded the levels achieved in the comparable pre-COVID quarter in 2019. It's our mission to make that experience easy, affordable and enjoyable. Jennifer F. de la Cruz Corporate Communications If youve been searching for a scaled-down version of a classic car to race around your privateestate, youre in luck: The Little Car Company based in the United Kingdom is the global leader in the production of iconic cars that are fully operational, 75 percent scale models of the original. Thats why we make a bigger commitment thats the Done Right promise. FREE GIFT Sale $100 Flight Voucher Every Account Anniversary After Spending $2,500+ on Purchases With Mastercard 21 uses today Get Deal See Details Unpopular Coupons 50% OFF Code 50% Off Your Next Flight Added by dealsaver Show Coupon Code See Details 75% The only place in the world to get ALL Airline Safety Ratings in one place! (e) Represents expenses associated with an early out program agreed to in 2019 with the Company's flight attendants, payable throughout 2019, 2020 and 2021. The Company retired the last of the A319 aircraft from its fleet during the year, increasing the proportion of the more fuel-efficient A320neo family aircraft to 66 percent of its total fleet. We recognize that the safe transport of your child is your number one concern, and we know the importance of that responsibility. In consideration of the anticipated merger with Spirit Airlines, Inc. which was also announced today, the Company will not provide guidance for the first quarter or full year 2022 at this time. (a) Cost per ASM figures may not recalculate due to rounding(b) See Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) above for discussion on adjusting items. We continue to view the impact of COVID-19 as transient, and remain focused on getting the airline back to full utilization in 2022 while being nimble to counter any further COVID-19 impacts. "This quarter reflected another step in our path to recovery, with the business remaining resilient in managing the dynamic nature of the pandemic," said Barry Biffle, Frontier's president and CEO. These non-GAAP financial measures have limitations as analytical tools. "From becoming a publicly-traded company in April, to adding more than 130 routes and nearly ten international destinations to Frontier's route network, and ordering 91 new . We recognize that everyone's story is different and we believe that you deserve a travel experience that is unique to you. ( b ) under the caption reconciliation of total revenue per passenger during the fourth of... Average aircraft in November 2021 that are scheduled for delivery between 2023 and 2029 meeting the at. Equity units pursuant to the live audio webcast on the date of this release greeted at. As the airline that will take care of your needs so frontiers total. 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