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Frontier finds the red in fourth quarter, fiscal year
Frontier Airlines reported a net loss of $3.7 million for the fiscal fourth quarter ended March 31, which included on pre-tax basis a $2.4 million unrealized fuel derivative gain and a $0.4 million gain from the sale of spare parts and inventory.
This compares to a net loss of $5.8 million in the year-ago period. "While we are disappointed with the losses in our fourth fiscal quarter, we are encouraged by some positive trends which have surfaced this quarter," President and CEO Jeff Potter said.