Frontier Airlines Cuts Fourth-Quarter Earnings Estimate
Frontier lowered its fourth-quarter earnings estimate as rising fuel costs pressure margins, despite gains from higher fares. The revised range runs from a loss to a profit.
Frontier Airlines NASDAQ:ULCC cut its fourth-quarter earnings estimates to accommodate a range between a loss and a profit as rising fuel costs eat into margins and outpace gains made from higher fares.The Denver-based airline expects to post adjusted earnings per share in the range of 15 cents to…