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

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	S-1/A	S-1/A	S-1/A	S-1/A
Operating revenues:
Total operating revenues	3,326	2,060	1,250	2,508	2,156	1,714	1,604	1,593
Total operating revenues growth	61.5%	64.8%	-50.2%	16.3%		6.9%	0.7%
Operating expenses:
Aircraft fuel	1,160	575	338	640	589	343	369	538
Salaries, wages and benefits	715	616	533	529
Aircraft rent	556	530	396	368	277	209	171	147
Station operations	422	384	257	336
Sales and marketing	164	109	78	130	110	72	79	87
Maintenance, materials and repairs	146	119	83	86
Depreciation and amortization	45	38	33	46		75	54	29
CARES Act credits		-295	-193
Transaction and merger-related costs, net	10
Other operating	153	101	90	64
Total operating expenses	3,371	4,649	3,423	2,199
Operating income (loss)	-45	-117	-365	309	92	317	233	228
Operating margin	-1.4%	-5.7%	-29.2%	12.3%	4.3%	18.5%	14.5%	14.3%

Other income (expense):
Interest expense	-21	-33	-18	-11

Capitalized interest
Interest income and other	10	2	5	16
Total other income (expense)		-27	-7	16	-13	-2
Income (loss) before income taxes	-45	-144	-372	325
Income tax expense (benefit)	-8	-42	-147	74	25	116	82	84
Net income (loss)	-37	-102	-225	251	80	200	146	140

Earnings (loss) per share:
Basic (in dollars per share)	($0.17)	($0.48)	($1.13)	$1.19	$0.37	$36.76	$26.60	$26.12
Diluted (in dollars per share)	($0.17)	($0.48)	($1.13)	$1.19	$0.36	$36.23	$26.15	$25.75