Frontier Airlines reported a $5.6 million net loss in August but posted its second consecutive monthly operating profit ($3.3 million). Net result included a $4.7 million loss on a sale-leaseback transaction, $1.8 million in professional fees, a $500,000 mark-to-market noncash loss on fuel hedging contracts and a $300,000 loss on early extinguishment of debt. It reported a $500,000 gain on a reversal of severance accrual. Net income excluding those items was $1.2 million. "We have ...

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