Frontier Group Holdings, Inc. (ULCC) [Rocket]

In millions, except per share items	Dec-31-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	8-K	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Operating revenues:
Total operating revenues	906	909	605	609	630	550	271	267
Total operating revenues growth	48.8%	65.3%	123.2%	128.1%	157.1%	183.5%	-50.2%	-59.2%
Operating expenses:
Aircraft fuel	304	335	215	186	166	139	84	57
Salaries, wages and benefits		174	172	162	161	154	139	127
Aircraft rent	155	133	128	131	128	133	138	130
Station operations		120	105	99	108	107	70	75
Sales and marketing	44	46	32	29	33	30	17	16
Maintenance, materials and repairs		31	34	37	29	27	26	24
Depreciation and amortization	9	15	13	10	10	10	8	10
CARES Act credits					-72	-87	-136	-5
Transaction and merger-related costs, net		9	11
Other operating		39	48	41	24	19	17	17
Total operating expenses	1,507	902	758	1,390	1,246	1,151	862	907
Operating income (loss)	45	7	-153	-86	43	18	-92	-184
Operating margin	5.0%	0.8%	-25.3%	-14.1%	6.8%	3.3%	-33.9%	-68.9%

Other income (expense):
Interest expense	-5	-3	-9	-2	-4	-5	-22	-11

Capitalized interest
Interest income and other		2		1	1			1
Total other income (expense)	5	1	-8		-2	-4	-21	-9
Income (loss) before income taxes		8	-161	-86	41	14	-113	-193
Income tax expense (benefit)	10	-5	-40	-33	18	-5	-22	-66
Net income (loss)	40	13	-121	-53	23	19	-91	-127

Earnings (loss) per share:
Basic (in dollars per share)	$0.18	$0.06	($0.56)	($0.25)	$0.10	$0.08	($0.46)	($0.64)
Diluted (in dollars per share)	$0.18	$0.06	($0.56)	($0.25)	$0.10	$0.08	($0.46)	($0.64)