Frontier Snowed In: Fool by Numbers

Last week, Frontier Airlines (Nasdaq: FRNT  ) released Q3 2007 earnings for the period ended Dec. 31, 2006.

  • Though Frontier badly missed bottom-line expectations, management says that two Denver-area blizzards canceled 875 flights and cost the airline $13.2 million in total revenue and $0.27 in per-share income.
  • Nevertheless, Fools following the stock in Motley Fool CAPS are unforgiving. Collectively, they rate Frontier just one star. Do you agree? Disagree? Click here to rate the stock now.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q3 2007

Q3 2006

Change

Sales

$266,442

$246,963

7.9%

Net Profit

($14,406)

($10,290)

N/A

EPS

($0.39)

($0.28)

N/A

Diluted Shares

36,617

36,188

1.2%



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2007

Q3 2006

Change*

Gross Margin

19.78%

23.11%

(3.33)

Operating Margin

(6.93%)

(4.72%)

(2.21)

Net Margin

(5.41%)

(4.17%)

(1.24)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2007

Q3 2006

Change

Cash + ST Invest.

$191,587

$222,680

(14.0%)



Liabilities

Q3 2007

Q3 2006

Change

Long-Term Debt

$437,191

$410,866

6.4%



Learn the ways of the balance sheet.

Cash Flow Checkup

No cash flow statement provided. (Boo!)

Find out why Fools always follow the money.

Other Operating Metrics

Q3 2007

Q3 2006

Change

ASM (in Thousands)

2,694,959

2,461,668

9.5

RASM (in Cents)

8.69

8.69

0.1

CASM (in Cents)

9.60

9.32

3.0

Load factor

71.2%

72.1%

(0.9*)

ASM = Available Seat Miles. RASM = Revenue Per Available Seat Mile. CASM = Cost Per Available Seat Mile. Load Factor = the percentage of available seats used.
*Expressed in percentage points.

Related Companies:

  • AirTran Holdings (NYSE: AAI  )
  • Alaska Air Group (NYSE: ALK  )
  • JetBlue (Nasdaq: JBLU  )
  • Southwest (NYSE: LUV  )

Related Foolishness:

JetBlue is is a recommendation of Motley Fool Stock Advisor, where Tom and David Gardner are always on the lookout for the market's best investments. Try it out for yourself -- it's free for 30 days.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

Fool contributor Tim Beyers, ranked 430 out of more than 21,000 in CAPS, didn't own shares in any of the companies mentioned in this story at the time of publication. Get the skinny on all the stocks he owns by checking Tim's Fool profile. The Motley Fool's disclosure policy always adds up.


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