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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (23990)2/2/1999 9:55:00 AM
From: Adelle  Read Replies (1) of 120523
 
FRNT

We're doin' good here :)

Frontier Airlines Reports Record Profits

Airline Reports Record Net Profit for its Fiscal Third Quarter 1999 of $2.5 Million

DENVER, Feb. 2 /PRNewswire/ -- Frontier Airlines (Nasdaq: FRNT - news) today announced record earnings for the quarter ended
Dec. 31, 1998 and fiscal year to date. The airline reported fiscal third quarter net income of $2.5 million, or $0.15 per fully diluted
common share, an improvement from the same period last year when the airline reported a net loss of $11.5 million. Net income for the
nine-month period ended Dec. 31, 1998 was $12.8 million, or $0.86 per fully diluted common share, compared to a loss of $15.7 million
for the same period last year.

Operating revenues increased 53.2 percent to $50.7 million for fiscal third quarter 1999, compared to $33.1 million for fiscal third quarter
1998. The airline's operating expenses during fiscal third quarter 1999 increased 8.4 percent to $48.5 million on increased capacity of
20.6 percent.

''These are important results because December is, from a seasonal standpoint, the most difficult for Frontier. This contrasts with our
current quarter, which is traditionally our second strongest quarter in terms of financial performance,'' said Frontier President Sam
Addoms.

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