I'd like to start by wishing everyone a very Happy New Year! Well it is snowing in Denver and crazy weather has been occurring all over the country. Delta and American's completion factor for the month of December was 92% and 89% respectively. Most of those cancelled flights were due to the snow storms up and down the eastern seaboard. Republic saw a total of 800 cancelled flights due to the snowstorm in the east, 700 of which were contract operations the remaining 100 were Frontier flights. That, combined with the ever increasing cost of oil ($90 for a barrel of crude as of today) means that Frontier will lose money from the month of December. You can appreciate that allow the snow is good for Denver, its not so good for Frontier. Next year will be very tough, but I am confident that we have never been in a better position to combat the challenges we face. (It has been brought to my attention that the sources behind this were not properly cited, much of the analysis has comes from Bryan Bedford & Republic Airways Inc. Other analysis is a compilation of knowledge through several things that I have read recently - the WSJ & Fox Business come to mind, thanks to all who contributed).
Well thats all for now - I wish you all blessings as the new year rolls around.
Matt