Frontier Airlines is the latest of the US start-ups to warn of a likely dip in its fortunes in the September quarter. The Denver-based carrier says that it expects to post a loss over the three months, blaming sluggish traffic, rising fuel costs and rising lease rates. The loss would end the carrier's run of two profitable quarters, its first since starting up. Frontier, nevertheless, says that it has a strong balance sheet, with more than $19 million in cash. The airline, which starged operations in 1994, flies a fleet of Boeing 737-200s and -300s.
Source: Flight International
