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Frontier Reports Airfare Surge as Jet Fuel Costs Pinch Consumers
Frontier said passengers kept booking despite higher prices, even as its fuel bill climbed 82% and the airline widened its quarterly loss to $104 million.
Budget airline Frontier reported a major increase in the ticket prices paid by customers, resulting from higher jet fuel costs and Spirit Airlines' disapperance.
Frontier Airlines, the largest low-cost carrier in the United States, reported that its ticket prices rose by 71% in the third quarter. The company is attempting to cope with soaring jet fuel prices by raising fares, passing on the increased operating costs to passengers.