Earnings

Frontier Airlines lowers forecast after delta variant hurt bookings

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Frontier Airlines Airbus A320 takes off from Los Angeles international Airport on August 27, 2020 in Los Angeles, California.

AaronP | Bauer-Griffin | GC Images | Getty Images

Frontier Airlines posted better-than-expected quarterly results but warned that the Covid delta variant is hurting demand.

Frontier said Wednesday it expects, at best, to break even in the third quarter, compared with a previous forecast to post a profit, because of the fast-spreading variant.

“Within the last week, we have noted softening in the level of bookings over seasonal norms that we believe is directly related to the increased COVID-19 case numbers associated with the Delta variant,” the carrier said in a…



Source cnbc.com

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