Frontier Group Holdings, Inc. (NASDAQ:ULCC) Q4 2023 Earnings Call Transcript

Christopher Stathoulopoulos: Understood. Thank you for that color. And my second question, the 80% or more than 80%, excuse me, out-and-back, if you could bridge that for March’s anticipated two-thirds, what needs to be done to realize that? And more importantly is how do you sustain that? Thank you.

Barry Biffle: Thanks. Actually, we just went through this yesterday. And in fact, if you look at our March schedule, we’re actually already there at the 80% range to out-and-back. We’re not scheduled with our crew there. And that’s because, for example, the Cincinnati base doesn’t open until May, but we actually have the flying already kind of set up as if it was out-and-back. but there will be a lot of people still in the hotels. So what happens as we flow through the next several months is the schedule doesn’t change materially from an out-and-back perspective of the metal, but what happens as we open the basis and we have the crew members based in those cities, they become an out-and-back crew pairing. So you’ve actually already kind of done the majority of the simplification.

It just gets easier every month as you flow through. And we get there by June, with the final opening of San Juan, which we expect. So Cleveland is in March. We’ve got Chicago in Cincinnati in May, and then we have San Juan, Puerto Rico in June.

Christopher Stathoulopoulos: Great. Thank you.

Operator: Thank you. At this time, I’d like to turn it back to Barry Biffle for closing remarks.

Barry Biffle: Hey I just want to thank everybody for joining us today. We’re really excited about the results that we’re putting forward in our guide and as well as our expectations as we move through the year and into next year. A lot of great things going on with the company. So we appreciate everybody joining us today, and we look forward to updating you on our progress and our success next quarter.

Operator: This concludes today’s conference call. Thank you for participating, and you may now disconnect.