Originally Posted by
Stayontarget
Frontier Group
(ULCC.O), parent company of Frontier Airlines, said on Thursday the board appointed James G. Dempsey as its Chief Executive Officer.
Last month, the company announced the departure of longtime CEO Barry Biffle and named insider Dempsey as interim chief.
Frontier also said it now expects adjusted earnings per share in the fourth quarter to be at the higher end of its previous forecast of between 4 cents and 20 cents, reflecting strong revenue performance as the quarter progressed while overcoming the impact of the government shutdown.
Shares of the Denver, Colorado-based company were up 2.5% before the bell.
Dempsey, who has been the company's president since October 2023, oversaw Frontier's commercial operations, customer care and its operations research, design and planning functions.
He joined Frontier as CFO in 2014, prior to which he held senior management roles at Ryanair Holdings
(RYA.I) and various management roles at PricewaterhouseCoopers.
Also nice to see that we were on the higher end of the guidance for once despite the challenges of the quarter.
Yeah it was a mess overall, but in the end, damn near every flight I flew was close to full or oversold. Only a few had less than 100 pax. I am glad we are seeing something good. News on a new CEO (altough we all know what to think about that), CP is apparently offered to resign (retire) or go back to the line. Hopefully this place can turn around even the slightest from what has been going on.
I personally think Frankie is sick of whatever has been happening the last 5 years, especially when it eats into his profits.