Barry Biffle, Frontier Group CEO, joins 'The Exchange' to discuss if the company's efforts are helping to add premium offerings, the company's offer to Spirit, and much more.
Frontier Group Holdings, Inc. (NASDAQ:ULCC ) Q4 2024 Earnings Conference Call February 7, 2025 11:00 AM ET Company Participants David Erdman - Senior Director, Investor Relations Barry Biffle - Chief Executive Officer Jimmy Dempsey - President Bobby Schroeter - Chief Commercial Officer Mark Mitchell - Chief Financial Officer Conference Call Participants Brandon Oglenski - Barclays Michael Linenberg - Deutsche Bank Jacob Gunning - Evercore ISI Savi Syth - Raymond James Ravi Shankar - Morgan Stanley Ryan Capozzi - Wolfe Research Chris Stathoulopoulos - Susquehanna International Group Atul Maheswari - UBS Tom Fitzgerald - TD Cowen Operator Good day, and thank you for standing by. Welcome to the Frontier Group Holdings, Inc. Q4 and Full Year 2024 Earnings Call.
Although the revenue and EPS for Frontier Group (ULCC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Frontier Group Holdings (ULCC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to break-even earnings per share a year ago.
Spirit Airlines has rejected a merger offer with Frontier as it prepares to exit bankruptcy.
Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.
Spirit Airlines said in regulatory filings Wednesday that it is rejecting the latest merger offer from Frontier Airlines, and will instead continue with its bankruptcy restructuring plan.
Frontier Airlines struck out yet again in its second attempt to acquire rival carrier Spirit Airlines. Spirit filed for bankruptcy last year as it faced mounting losses.
Frontier made its first offer to buy Spirit in 2022.
Frontier Group Holdings ULCC has proposed a merger with Spirit Airlines SAVEQ through newly issued debt and stock, offering higher recoveries for Spirit's stakeholders than its standalone restructuring plan.
After walking away from a deal twice last year, Frontier is now making an offer involving fresh debt and stock.
Spirit Airlines on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group , saying it was not favorable for the low-cost carrier.