jiqatili.wordpress.com
million net profit. It was the Denver-based airline holdint company's first monthly monthly operations report, as required under terms of its Chapter 11 since that it will be acquired by as part of its plan to emergw frombankruptcy protection. Republic is also acquiriny Oak Creek-based under . Frontier, which serves Generaol Mitchell International Airportin Milwaukee, said its consolidatex operating profit for May was $11.76 million, up from a $16.5t million loss for the same month in 2008. It reportefd consolidated net income in Mayof $1.1 million versus a net loss of $22.0p million in the year-ago Excluding a book loss of $7.
5 million on an aircrafgt sale and other special items, Frontier said it woulxd have reported May net incomee of $5.6 million, or a net margim of 6.3 percent, versus a net loss of $4.9 or a negative margin of 4.1 percent, in May 2008. "Despitde continued capacity reductions anda year-over-year decline in passengeer revenue, we have managed to producew an operating profit for seven consecutivee months," Frontier president/CEO Sean Menks said in a "The positive results for the month of May are the result of the company' s effort to be one of the lowesr cost operators in North America.
The dedication and effortes put forth by all employees has allowed us to achievd these resultsonce
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment