Frontier Group Exec Says Majority Of Rise In Q2 Unit Rev A Reflection Of Improved Supply-Demand Backdrop; Change In Structure Of Competitive Capacity A Big Positive, Is Enabling Us To Mitigate High Oil Prices
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Why It Matters
Frontier Airlines made more money per seat in the second quarter mainly because fewer planes are flying, which means less competition for passengers. This helps the airline earn more even though fuel costs stayed high.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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