Frontier posts 6th straight monthly operating profit - Kansas City Business Journal:

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million net profit in April, up from a $26.9 milliojn loss in April 2008, the month it fileed for Chapter 11bankruptcy protection. Denver-bases Frontier, the No. 2 carrier at behind United Airlines, said Thursday its consolidated operating profitg for Aprilwas $5 million, versuas an operating loss of $21.9 milliobn for the same month a year ago. It was the sixthu consecutive month the airline reported an operating The airline files a monthly operations reporgt under terms of its Chapter11 filing. Frontier said that excludingt $1.1 million in expenses associatedwith bankruptcy, it woul have reported net income of $3.
4 millionn in April, or a net margin of 4 "Once again, for the sixth month in a row, we have seen the payofdf of our year-long restructuring and cost-reduction Frontier President/CEO Sean Menke said in a "We have driven our operating coste to among the lowest in the giving us the cost structure needed to producwe operating profitably for the last six months in one of the most competitive markets in the countrhy and during one the most difficulty economies in nearly 80 years." Frontierf reported April passenger revenue per seat mile (its average revenue from flyinyg one passenger one mile) of 8.51 cents, down 2.1 percent from a year That was despite a 12.
3 percent decline in totaol passengers in April from the same month a year ago, as Frontier reported earlier this month, and a drop in revenu e passenger miles for the month of 17.5 But Frontier also has cut capacity over the last year by sellinvg off planes and has sharply trimmed costs. Its costs per seat mile for the monthbwere 8.49 cents, down 19.5 and its unit costs excluding fuel were 6.24 down 1.4 percent. A bankruptcy-court judge last week gave Frontier until Oct. 9 to submit a reorganizatio plan for the airline to emerge fromChapter 11. The compang has been talking toexit financiers.