BUZZ - Frontier Airlines shares rise as it unexpectedly reports a quarterly profit and maintains an optimistic outlook for Q4

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October 28 - ** Frontier Airlines (ULCC.O) shares rose about 7%, to 5.91 USD

** According to data compiled by London Stock Exchange Group (LSEG), the company expects (link) fourth-quarter adjusted earnings per share will range between a loss of 15 cents and a profit of 5 cents, slightly better than analysts’ average expectation of a 6-cent loss

** Adjusted earnings per share were 18 cents, better than the market expectation of a 4-cent loss; in the same period last year, the loss was 34 cents

** Revenue was 1.36 billion USD, a 53% increase year-on-year, surpassing the expected 1.29 billion USD

** Third-quarter RASM (a metric reflecting pricing power) rose 30%, to 11.87 cents

** Fourth-quarter fuel cost is expected to be 4.75 USD per gallon, compared to 3.96 USD in the third quarter

** Taking intraday volatility into account, the stock has gained 17.4% so far this year

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