Key Points

Frontier Airlines cut its first-quarter earnings outlook and withdrew its full-year forecast due to lower demand and economic uncertainty.

The airline plans to reduce capacity to meet lower-than-expected demand.

Frontier follows Delta in cutting capacity plans and withdrawing its full-year outlook.

Frontier Airlines

Nurphoto | Nurphoto | Getty Images

Frontier Airlines joins Delta Air Lines in cutting full-year forecasts and cutting flights due to falling demand and an “uncertain environment.”

The budget airline also cut its first-quarter guidance. Frontier said its first-quarter revenue growth could reach 5% on a 5% increase in capacity from the same period last year.

“Revenue growth is expected to be lower than expected due to weak demand in March, which led to industry-wide fare discounts and promotions, and Frontier’s concentrated booking behavior,” Frontier said in a securities filing.

Frontier pointed to a drop in consumer confidence in March as evidence of weak demand.

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Airline executives say they have seen demand decline due to President Donald Trump’s trade war, an uncertain economic outlook, falling consumer confidence and massive government layoffs.

Frontier is scheduled to report earnings on May 1.
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