OCR Text |
Show frontier Making Money After Years of Losses Denver, Colo. ,Oct. 23 Frontier Airlines said today that the third quarter and first nine months of 1972 established record highs In revenues and profits. A.L. Feldman, President of the Denver-based carrier, announced third quarter net income of $3,139,000 (47( per share) as compared to a net income of $1,585,000 for the same period In 1971. For the first nine months of 1972, Mr. Feldman reported re-ported net Income of $6,214, 000 (9-K per share) as compared com-pared with a net loss of $1,351,000 for the first nine months last year. Frontier said If was the first profitable first nine months the company had re-prted re-prted since 1967, and that record highs In both revenues reve-nues and profits had been set for both the third quarter and the nine months. Mr. Feldman said Improved performance per-formance was expected to continue through the balance of the year. Operating revenues In the third quarter Increased approximately ap-proximately 11 over the same quarter last year, Mr. Feldman said, while total expenses had been held to an increase of approximately 5 per cent. |