Frontier Posts Loss, Regionals Contribute $28 million

Frontier eported $2.2 million in start-up costs for its soon-to-be-launched subsidiary Lynx Aviation which will fly Bombardier (BBD) Q-400s. The company recently announced the first three destinations for the fledgling carrier. Related Story  The start-up costs along with fuel and other costs were cited as the reason for the airline’s net loss of $3.5 million for its fiscal first quarter ended June 30. In the year-ago period it earned net income of $4 million. Its regional program contributed $28.2 million to Frontier’s $344.7 million in operating revenues, up 5.5 percent from $27,389 million in the year-ago quarter. Operating expenses for its regional operation grew from $29.4 million to $24.3 million during the first quarter.