Core Insights - Rackla Metals is focused on gold exploration in Canada's North, particularly in the Yukon and Northwest Territories, and is preparing for its first drill program following promising trench and sample results from a newly identified target [2]. Company Overview - Rackla Metals (TSXV: RAK) is advancing early-stage exploration efforts in underexplored regions, aiming to uncover untapped gold opportunities [2]. - The company has a strong track record in regional prospecting and discovery, which supports its current exploration initiatives [2]. Industry Context - The focus on gold exploration in Canada’s North highlights the potential for significant discoveries in areas that have not been extensively explored [2].

Core Insights - Frontier Group Holdings reported revenue of $912 million for Q1 2025, reflecting a year-over-year increase of 5.4% but falling short of the Zacks Consensus Estimate by 3.97% [1] - The company posted an EPS of -$0.19, which is an improvement from -$0.09 in the same quarter last year, resulting in a positive EPS surprise of 13.64% against the consensus estimate of -$0.22 [1] Financial Performance Metrics - Load factor was reported at 74.9%, below the average estimate of 78.8% [4] - Revenue passenger miles (RPMs) totaled 7.45 billion, compared to the average estimate of 7.79 billion [4] - Fuel cost per gallon was $2.55, matching the average estimate [4] - Total revenue per available seat mile (RASM) was 9.17 cents, lower than the average estimate of 9.75 cents [4] - Available seat miles (ASMs) were reported at 9.95 billion, slightly above the average estimate of 9.89 billion [4] - Adjusted cost per available seat mile (CASM) excluding fuel was 7.24 cents, better than the average estimate of 7.41 cents [4] - Adjusted CASM was reported at 9.63 cents, lower than the average estimate of 10.01 cents [4] - Average stage length was 925 miles, slightly above the average estimate of 921.38 miles [4] - Adjusted CASM plus net interest was 9.56 cents, compared to the average estimate of 9.83 cents [4] - Operating revenues from passenger services were $884 million, below the average estimate of $928.64 million, but represented a year-over-year increase of 4.6% [4] - Operating revenues from other sources were $28 million, exceeding the average estimate of $19.30 million, marking a significant year-over-year increase of 40% [4] Stock Performance - Shares of Frontier Group have declined by 31% over the past month, contrasting with a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Frontier Group Holdings (ULCC) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.64%. A quarter ago, it was expected that this discount airline would post earnings of $0.13 per share when it actually produced earnings of $0.23, delivering a surprise of 76.92%.Over the last four quarters, the ...

Frontier Group Holdings (ULCC) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants David Erdman - Senior Director-Investor RelationsBarry Biffle - CEO, President & DirectorJames Dempsey - PresidentRobert Schroeter - Sr VP, Chief Commercial OfficerMark Mitchell - Senior VP & CFOMichael Linenberg - Managing DirectorSavanthi Syth - MD - Airlines & Advance Air MobilityTom Fitzgerald - VP - Equity ResearchJames Baker - Managing Director & Investment SpecialistDuane Pfennigwerth - Senior Managing ...

Frontier Group Holdings (ULCC) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants David Erdman - Senior Director-Investor RelationsBarry Biffle - CEO, President & DirectorJames Dempsey - PresidentRobert Schroeter - Sr VP, Chief Commercial OfficerMark Mitchell - Senior VP & CFOMichael Linenberg - Managing DirectorSavanthi Syth - MD - Airlines & Advance Air MobilityTom Fitzgerald - VP - Equity ResearchJames Baker - Managing Director & Investment SpecialistDuane Pfennigwerth - Senior Managing ...

Frontier Group Holdings (ULCC) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Speaker0 Good day, and thank you for standing by. Welcome to the Frontier Group Holdings Q1 twenty twenty one Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. I wo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-40304 Frontier Group Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction o ...

[Highlights and CEO Commentary](index=1&type=section&id=Highlights) Frontier reported record first-quarter operating revenues of $912 million, a 5% increase YoY, with a net loss of $43 million due to softer March demand - CEO Barry Biffle stated that softer travel demand in March impacted results, but booking trends for May and early summer have stabilized. The company is targeting a return to profitability in the second half of 2025, leveraging commercial investments, capacity optimization, and cost management[3](index=3&type=chunk) Q1 2025 Key Financial Metrics | Metric | Q1 2025 Result | YoY Change | | :--- | :--- | :--- | | Total Operating Revenues | $912 million | +5% | | Revenue per ASM (RASM) | 9.17 cents | Roughly flat | | Cost per ASM (CASM) | 9.63 cents | +1% | | Net Loss | $43 million | Increased from $26 million loss | | Diluted Loss Per Share | $(0.19) | Increased from $(0.12) loss | - Operational and strategic highlights for the quarter include: - Ended the quarter with **$889 million in total liquidity** - Took delivery of **four A321neo aircraft** - **82% of the fleet** is now composed of fuel-efficient A320neo family aircraft - Launched **17 new routes** and announced **22 more for the spring**[4](index=4&type=chunk) [Q1 2025 Financial Performance](index=2&type=section&id=First%20Quarter%202025%20Financial%20Performance) In Q1 2025, Frontier achieved record revenue of $912 million, up 5% YoY, offset by a 7% rise in operating expenses to $958 million, leading to a $43 million net loss Q1 2025 GAAP Financial Summary | Financial Metric | Q1 2025 (GAAP) | Q1 2024 (GAAP) | | :--- | :--- | :--- | | Total operating revenues | $912 million | $865 million | | Total operating expenses | $958 million | $896 million | | Pre-tax loss | $(40) million | $(24) million | | Net loss | $(43) million | $(26) million | | Earnings per share, diluted | $(0.19) | $(0.12) | [Revenue Performance](index=2&type=section&id=Revenue%20Performance) Record first-quarter revenue of $912 million increased 5% YoY, driven by capacity growth, but tempered by softer March demand and industry-wide fare discounting - Total operating revenue reached a record **$912 million** for a first quarter, **5% higher** than Q1 2024, on **5% capacity growth**, though tempered by softer demand in March[6](index=6&type=chunk) Comparative Revenue Metrics | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | RASM | 9.17 cents | 9.16 cents | ~ Flat | | Enplanements | 7.8M | 7.0M | +12% | | Total Revenue per Passenger | $116.33 | $123.53 | -6% | | Load Factor | 74.9% | 72.7% | +2.2 pts | [Cost Performance](index=2&type=section&id=Cost%20Performance) Total operating expenses for Q1 2025 were $958 million, with CASM rising 1% to 9.63 cents and CASM excluding fuel increasing 8% to 7.24 cents - Total operating expenses were **$958 million**, with fuel expenses at **$238 million** (average cost of **$2.55/gallon**) and non-fuel operating expenses at **$720 million**[9](index=9&type=chunk) Comparative Cost Metrics | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | CASM | 9.63 cents | 9.49 cents | +1% | | CASM (excluding fuel) | 7.24 cents | 6.71 cents | +8% | | Average daily aircraft utilization | 9.7 hours | 10.6 hours | -8% | [Earnings](index=2&type=section&id=Earnings) The company reported a pre-tax loss of $40 million (4.4% margin) and a net loss of $43 million, resulting in a loss per share of $0.19 Earnings Summary | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Pre-tax loss | $40 million | $24 million | | Pre-tax loss margin | 4.4% | 2.8% | | Net loss | $43 million | $26 million | | Loss per share | $(0.19) | $(0.12) | [Operational and Balance Sheet Overview](index=3&type=section&id=Operational%20and%20Balance%20Sheet%20Overview) As of March 31, 2025, Frontier maintained $889 million in liquidity, with a fleet of 163 Airbus aircraft, 82% of which are fuel-efficient A320neo family models [Liquidity](index=3&type=section&id=Liquidity) At the end of Q1 2025, Frontier's total liquidity stood at $889 million, comprising $684 million in cash and $205 million from an undrawn revolving credit facility - Total liquidity as of March 31, 2025, was **$889 million**, consisting of **$684 million in cash** and **$205 million in undrawn revolving credit**[13](index=13&type=chunk) [Fleet](index=3&type=section&id=Fleet) Frontier's fleet comprises 163 Airbus aircraft, with 82% being fuel-efficient A320neo family models, and 183 additional aircraft committed through 2031 Fleet Composition | Equipment | Quantity | | :--- | :--- | | A320neo | 82 | | A320ceo | 8 | | A321ceo | 21 | | A321neo | 52 | | **Total fleet** | **163** | - The company has commitments for an additional **183 aircraft** (27 A320neo, 156 A321neo) to be delivered through 2031[15](index=15&type=chunk) - Frontier achieved a record **107 available seat miles (ASMs) per gallon**, a **1% improvement YoY**, reinforcing its position as "America's Greenest Airline"[17](index=17&type=chunk) [Forward Guidance](index=3&type=section&id=Forward%20Guidance) Frontier projects an adjusted loss per share between $(0.23) and $(0.37) for Q2 2025, will not issue full-year EPS guidance, and plans to reduce capacity for the remainder of 2025 Q2 2025 Guidance | Guidance Metric | Q2 2025 Estimate | | :--- | :--- | | Adjusted (non-GAAP) loss per share | $(0.23) to $(0.37) | - The company has reduced planned capacity for Q2 and the remainder of 2025 to be down **low single digits YoY**, with a focus on adjusting off-peak day schedules[20](index=20&type=chunk) - Full-year 2025 adjusted EPS guidance will not be provided due to uncertainty in the demand outlook for the rest of the year[21](index=21&type=chunk) [Appendix: Financial Statements and Reconciliations](index=6&type=section&id=Appendix%3A%20Financial%20Statements%20and%20Reconciliations) This section provides detailed unaudited financial tables for Q1 2025, including statements of operations, operating statistics, and non-GAAP reconciliations [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The Q1 2025 income statement shows total operating revenues of $912 million and expenses of $958 million, resulting in a $46 million operating loss and a $43 million net loss Condensed Consolidated Statements of Operations (in millions) | (in millions) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Total operating revenues | $912 | $865 | | Total operating expenses | $958 | $896 | | Operating income (loss) | $(46) | $(31) | | Net income (loss) | $(43) | $(26) | [Comparative Operating Statistics](index=7&type=section&id=Comparative%20Operating%20Statistics) Key Q1 2025 operating statistics show a 5% increase in ASMs to 9,949 million and a 12% increase in passengers to 7.8 million, despite an 8% decrease in aircraft utilization Comparative Operating Statistics | Operating Metric | Q1 2025 | Q1 2024 | Percent Change | | :--- | :--- | :--- | :--- | | ASMs (millions) | 9,949 | 9,446 | 5% | | Passengers (thousands) | 7,839 | 7,005 | 12% | | Load Factor | 74.9% | 72.7% | 2.2 pts | | Average daily aircraft utilization (hours) | 9.7 | 10.6 | (8)% | | Total revenue per passenger ($) | 116.33 | 123.53 | (6)% | | CASM (¢) | 9.63 | 9.49 | 1% | | CASM (excluding fuel) (¢) | 7.24 | 6.71 | 8% | | Fuel cost per gallon ($) | 2.55 | 2.93 | (13)% | [Non-GAAP Reconciliations](index=8&type=section&id=Non-GAAP%20Reconciliations) This section reconciles non-GAAP metrics to GAAP, showing adjusted net loss matching reported GAAP figures and adjusted EBITDAR at $135 million for Q1 2025 Non-GAAP Reconciliation (in millions) | Reconciliation (in millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net loss, as reported | $(43) | $(26) | | Adjusted net loss | $(43) | $(21) | | EBITDAR | $135 | $144 | | Adjusted EBITDAR | $135 | $144 | Non-GAAP Reconciliation (per ASM, ¢) | Reconciliation (per ASM, ¢) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | CASM | 9.63 | 9.49 | | CASM (excluding fuel) | 7.24 | 6.71 |

Core Insights - Fareportal has successfully integrated New Distribution Capability (NDC) with Frontier Airlines, enhancing the travel booking experience for customers [1][3] - Customers booking travel on Frontier through CheapOair or OneTravel can now select seats, purchase bags, and access the best available fares, along with self-service tools for managing travel plans [2][3] Fareportal Overview - Fareportal operates online travel agency brands CheapOair and OneTravel, connecting travelers to over 500 airlines, a million lodging options, and hundreds of car rental providers globally [4] - The company focuses on providing a seamless booking experience through various platforms, including mobile apps and live chat [4] Frontier Airlines Overview - Frontier Airlines is recognized as a leading ultra-low-cost carrier, offering a wide range of domestic and international destinations [3][5] - The airline has introduced new product offerings, including UpFront PlusSM seating and plans to offer First Class seating starting in late 2025 [3] - Frontier Airlines has the largest and youngest A320neo family fleet in the U.S. and was awarded North American Environmental Sustainability Airline of the Year in 2024 [5]

Core Viewpoint - Frontier Group Holdings, Inc. is set to release its first quarter 2025 financial results on May 1, 2025, after market close, as previously announced [1] Financial Results Announcement - Management will host a live webcast on the same day at 4:30pm EDT to discuss the financial results, which will be available to the public on a listen-only basis [2] - An archive of the call will be accessible on the company's website for 30 days following the event [2] Company Overview - Frontier Airlines, a subsidiary of Frontier Group Holdings, is focused on providing low fares and operates 159 A320 family aircraft, boasting the largest A320neo family fleet in the U.S. [3] - The airline's operational efficiency is highlighted by its status as the most fuel-efficient major U.S. carrier, measured by available seat miles (ASMs) per fuel gallon consumed [3] - Frontier has 187 new Airbus planes on order, indicating ongoing growth to fulfill its mission of affordable travel across America [3]