Originally Posted by
ginntonic
I agree with this analysis.
I came up with between 15-21 months depending on whether or not F9 taps into their $205M line of credit. I also went with status quo numbers with no fuel cost changes, no market surprises, no new pilot contract.
For monthly outflow, I took their 6-month spend listed at the end of June and converted it to monthly.
Source for $205M in credit is here:
https://ir.flyfrontier.com/static-fi...1-abc6b2ba1a37 (Page 12/13).
Did you take out Restricted cash from the total cash? I found this statement on the balance sheet explanation, which didn't match the balance sheet because they included restricted cash as part of "total liquidity" but then put this in a statement...
"As of June 30, 2025, we had $766 million of total available liquidity, consisting of $561 million in unrestricted cash and cash equivalents and $205 million in total undrawn capacity on our Revolving Loan Facility."