DENVER (AP) — DENVER (AP) — Frontier Group Holdings Inc. (ULCC) on Tuesday reported a loss of $70 million in its second quarter.
On a per-share basis, the Denver-based company said it had a loss of 31 cents.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The discount airline posted revenue of $929 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $933.6 million.
For the current quarter ending in September, Frontier Group expects its results to range from a loss of 42 cents per share to a loss of 26 cents per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ULCC at https://www.zacks.com/ap/ULCC
