Fourth Quarter & FY2023 Financial Update
Network, Revenue and Cost Initiatives Designed
to Drive Profitability
GUIDANCE
Adj. Pre-tax
Margin¹
(non-GAAP)
Capacity Growth
(y/y)
Fuel Cost
(per gallon)²
Adj. Non-fuel Cost¹
(non-GAAP)
(MM)
Q1-2024
(4) - (7) %
5-7%
$2.85 - $2.95
$645 - $660
Adj. Pre-tax
Margin¹
(non-GAAP)
Capacity Growth
(y/y)
Fuel Cost
(per gallon)²
Adj. CASM-ex (SLA)1,3
(non-GAAP)
(y/y)
FY2024
3-6%
12 - 159
%
$2.70 - $2.80
Down
1-3%
¹ Adjusted pre-tax margin, adjusted non-fuel cost and adjusted CASM-ex (SLA) exclude, among other things, special items. We are unable to reconcile these forward-looking projections to GAAP as the nature or
amount of such special items cannot be determined at this time. See slides 2 and 3 for a cautionary statement regarding forward-looking statements.
2 Fuel prices are as of the forward pricing curve on February 2, 2024
3Stage Length Adjusted (SLA): Adjusted CASM excluding fuel* Square root (stage length/1,000)
11
FRONTIERView entire presentation