Frontier Airlines has reported a profit for the sixth consecutive month. The airline says it made a profit of $2.4 million for April, which compares against a net loss of $26.9 million that the company reported in April 2008, according to The Associated Press.
"Once again, for the sixth month in a row, we have seen the payoff of our year-long restructuring and cost-reduction efforts." Frontier President Menke said in a statement. "We have driven our operating costs to among the lowest in the industry, giving us the cost structure needed to produce operating profitably for the last six months in one of the most competitive markets in the country and during one of the most difficult economies in nearly 80 years."
Additionally, Menke credited AirFairs - Frontier’s new three-level fare structure - and the generation of ancillary fees (checked bag fees for example) for an increase in total unit revenue. "Even in the face of the significant yield pressure, our revenue generation initiatives made it possible for us to increase our total unit revenue year-over-year by 1.3%," Menke says in the statement.
