Can Frontier’s Cost-Saving Efforts Boost Its EBITDA?
Frontier (FTR) has been reporting soft sequential growth in its adjusted EBITDA for the past three consecutive quarters, as the company is spending heavily on brand initiatives. In the third quarter, its adjusted EBITDA fell both YoY (year-over-year) and sequentially to $878 million due to seasonal headwinds. Its adjusted EBITDA fell ~3.9% YoY from $914 million and ~0.7% sequentially from $884 million.