Nucor earnings beat by $0.08, revenue fell short of estimates
DENVER - On Friday, Frontier Airlines (NASDAQ:ULCC) shares jumped 4.57% after the ultra-low-cost carrier reported record quarterly revenue and better-than-expected earnings for the fourth quarter of 2024.
The company posted revenue of $1.0 billion, up 12% YoY despite 2% lower capacity, beating analyst estimates. Adjusted earnings per share came in at $0.23, surpassing expectations.
Frontier’s pre-tax margin reached 5.1% for the quarter, showing improved profitability. Full-year 2024 revenue hit a record $3.8 billion, increasing 5% from 2023.
"Our revenue and network initiatives contributed to record fourth quarter revenue, setting us on a trajectory for significant year-over-year RASM growth in 2025," said Barry Biffle, Chief Executive Officer.
The company’s cost control efforts bore fruit, with adjusted CASM (excluding fuel) down 1.2% YoY for the full year 2024. Frontier aims to achieve double-digit adjusted pre-tax margins in the summer of 2025.
Frontier ended the year with $935 million in total liquidity, representing about 25% of trailing twelve-month revenue, up from 17% at the end of 2023.
The positive results and outlook drove investor enthusiasm, reflected in the stock’s upward movement following the earnings release.
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