Frontier Airlines has joined Delta Air Lines in withdrawing its full-year forecast and reducing flights due to a decline in travel demand and an “uncertain environment.” The budget carrier also revised its first-quarter outlook. Frontier anticipates that its revenue growth likely increased by 5% in the first quarter, with capacity rising 5% compared to last year. However, the company noted that revenue growth is expected to be lower than anticipated due to weakened demand in March, leading to fare discounting and promotions across the industry. Frontier attributed this trend to a drop in consumer confidence during the month.
— new from CNBC
