Frontier posts 6th straight monthly operating profit - Dayton Business Journal:

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million net profit in up froma $26.9 million loss in April 2008, the mont h it filed for Chapter 11 bankruptcy Denver-based Frontier, the No. 2 carrier at behind Unitefd Airlines, said Thursday its consolidated operating profity for Aprilwas $5 million, versus an operating loss of $21.9 million for the same mont a year ago. It was the sixthu consecutive month the airline reported an operating The airline files a monthly operations report under terms of its Chapter 11 Frontier said thatexcluding $1.1 million in expenses associatec with bankruptcy, it would have reported net incomed of $3.4 million in or a net margin of 4 percent.
"Once again, for the sixthj month in a row, we have seen the payofr of our year-long restructuring and cost-reductionn efforts," Frontier President/CEO Sean Menke said in a statement. "Wew have driven our operating costs to amonv the lowest inthe industry, givint us the cost structure needed to produce operating profitably for the last six monthds in one of the most competitive markets in the country and during one the most difficulft economies in nearly 80 years." Frontier reportedd April passenger revenue per seat mile (its averaged revenue from flying one passenger one mile) of 8.51 down 2.1 percent from a year earlier. That was despite a 12.
3 percenyt decline in total passengers in April from the same monthj ayear ago, as Frontier reporteed earlier this month, and a drop in revenure passenger miles for the montj of 17.5 percent. But Frontier also has cut capacity over the last year by sellinf off planes and has sharplytrimme costs. Its costs per seat mile for the monthhwere 8.49 cents, down 19.5 and its unit costs excluding fuel were 6.24 cents, down 1.4 A bankruptcy-court judge last week gave Frontier untilk Oct. 9 to submit a reorganization plan for the airlinse to emerge fromChapte 11.
The company has been talking toexit