In the video below, Fool analyst Eric Bleeker discusses why the best news for Frontier (NASDAQ:FTR) investors in each earnings report is no news. Eric rehashes some of the more notable statistics from the company's earnings report. However, in the end, Eric notes that the major problem with Frontier is that investors buy the company for its dividend; yet any dividend payments that long-term investors counted on were wiped out when the stock cratered in 2011. Instead, if Frontier can reach a point where its share price treads water, and it executes on its strategy, investors can collect their dividend, yielding 9% a year. 

From that perspective, Frontier's recent ho-hum earnings were a major win for the company. As long as investors in Frontier don't mind the stock price staying near current levels, they should be happy collecting the company's huge dividend. To see Eric's full thoughts, watch the video below.