What Is Frontier Airlines Core Competencies
Organization: Abadajaersaco
Cory Kemp, Sara Mohamed, Erin Basanez, Jassem Al-Saiqal, Abdulaziz Al Yaqoub, Danielle Worthman
MGMT 4370 001
Case Study- Stage 1
Frontier Airlines
Core Competencies:
Frontier Airline has its own core competencies that have ensured its survival. It is one of the earliest airlines in the history of aviation and is still standing strong at the moment competing with its rivals (Courtwright 120). Public and private investors have put over four hundred and fifty thousand dollars to ensure that the airline does not fail to meet its set objectives. This assistance helped the fares to Denver decreasing significantly. Frontier Airlines has the most competitive fares attracting so many clients. This is the main factor that …show more content…
In 2003 the company’s revenues were $469,936,000 and expenses were $500,727,000 and reported a net loss of $22,843,000. In 2004 Frontier Airlines’ revenue was $643,679,142 while the total operating expenses were $616,196,723, leaving a net income of $12,635,135. In 2005 the company’s revenue was $833,639,441 but the total operating expenses were $860,086,936 leaving a net loss on the year of $23,430,186. For the 2006 year, Frontier Airlines had an operating revenue of $1,001,522,000 with operating expenses at $1,009,419,000. That left them with a net loss of $13,971,000 for the year after income tax expense. In 2007 the company had an operating revenue of $1,170,949,000 and operating expenses of $1,181,651,000. After adjusting for income tax expense, Frontier ended the year with a net loss of $20,370,000. In April of 2008, Frontier Airlines filed for Chapter 11 bankruptcy. In June of 2009, they entered into an agreement with Republic Airways in which Republic served as an equity sponsor during the reorganization of the company with Republic purchasing 100% of the company after it was reorganized. During the 2008 year, Frontier posted revenues of $1,398,981 with expenses reaching $1,434,311 leaving it with a net loss of $60,253 after interest expense. The company posted a bigger loss in 2009 with a net loss of $248,189. They had revenues of $1,289,382 but expenses of
Cory Kemp, Sara Mohamed, Erin Basanez, Jassem Al-Saiqal, Abdulaziz Al Yaqoub, Danielle Worthman
MGMT 4370 001
Case Study- Stage 1
Frontier Airlines
Core Competencies:
Frontier Airline has its own core competencies that have ensured its survival. It is one of the earliest airlines in the history of aviation and is still standing strong at the moment competing with its rivals (Courtwright 120). Public and private investors have put over four hundred and fifty thousand dollars to ensure that the airline does not fail to meet its set objectives. This assistance helped the fares to Denver decreasing significantly. Frontier Airlines has the most competitive fares attracting so many clients. This is the main factor that …show more content…
In 2003 the company’s revenues were $469,936,000 and expenses were $500,727,000 and reported a net loss of $22,843,000. In 2004 Frontier Airlines’ revenue was $643,679,142 while the total operating expenses were $616,196,723, leaving a net income of $12,635,135. In 2005 the company’s revenue was $833,639,441 but the total operating expenses were $860,086,936 leaving a net loss on the year of $23,430,186. For the 2006 year, Frontier Airlines had an operating revenue of $1,001,522,000 with operating expenses at $1,009,419,000. That left them with a net loss of $13,971,000 for the year after income tax expense. In 2007 the company had an operating revenue of $1,170,949,000 and operating expenses of $1,181,651,000. After adjusting for income tax expense, Frontier ended the year with a net loss of $20,370,000. In April of 2008, Frontier Airlines filed for Chapter 11 bankruptcy. In June of 2009, they entered into an agreement with Republic Airways in which Republic served as an equity sponsor during the reorganization of the company with Republic purchasing 100% of the company after it was reorganized. During the 2008 year, Frontier posted revenues of $1,398,981 with expenses reaching $1,434,311 leaving it with a net loss of $60,253 after interest expense. The company posted a bigger loss in 2009 with a net loss of $248,189. They had revenues of $1,289,382 but expenses of