Record Revenue and Passenger Growth
Total operating revenue in the fourth quarter increased 12% year-over-year to a record $1 billion, with 33 million passengers traveling with Frontier in 2024, a 10% increase from 2023.
Improved Profit Margins
Fourth quarter adjusted pre-tax margin was 5.1%, significantly higher than the original guidance, driven by revenue and network optimization initiatives.
Cost Advantage Expansion
Frontier's cost advantage expanded to 48% in 2024 compared to 41% in 2023, maintaining a targeted cost advantage of over 40% for 2025.
New Route Launches and Network Maturity
Launched 22 new routes in December and established a 13-base network, leading to improved operational performance.
Loyalty Program and Premium Product Expansion
Co-brand card acquisitions increased 35%, and spend per cardholder rose 11% year-over-year in Q4. Plans to launch a first-class product in late 2025.