https://auntresodamid.com/iJugHxINePLH1VY/96561
Frontier Airlines cuts flights after travel demand fell in March

Frontier Airlines cuts flights after travel demand fell in March

Sharing is caring!


Frontier Airlines

Nurphoto | Nurphoto | Getty Images

Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.”

The budget airline also lowered its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the first quarter, with capacity up 5% over last year.

“Revenue growth is anticipated to be lower than expected due to weakened demand in March, resulting in fare discounting and promotions across the industry, amplified by the close-in nature of Frontier’s bookings,” Frontier said in a securities filing.

Frontier pointed to a drop in consumer confidence in March as evidence of weaker demand.

Read more CNBC airline news

Airline executives have said they’ve seen lower demand due to President Donald Trump’s trade war, a murky economic outlook, a drop in consumer confidence and mass government layoffs.

Frontier is scheduled to report results on May 1.

Don’t miss these insights from CNBC PRO



Source link

Oval@3x 2

Don’t miss latest news!

Select list(s):

We don’t spam! Read our [link]privacy policy[/link] for more info.

🕶 Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Select Your Choice:

We’ll never send you spam or share your email address.
Find out more in our Privacy Policy.

🕶 Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Select Your Choice:

We’ll never send you spam or share your email address.
Find out more in our Privacy Policy.

Sharing is caring!

Read More :-  Nvidia must show Blackwell chip can drive growth in earnings report
Scroll to Top