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Frontier stock really moving up
Hey Frontier FT,
Frontier's stock has really moved up over the past week. Do you think the market is reacting to Frontier specifically? There hasn't been much news...the new schedule came out today with increased frequency to Mexico especially. I wonder if the market knows that Frontier is doing well?? Any thoughts on Frontier's recent gain? |
My guess is that Frontier's stock merely moved in tandem with most other airlines on the 14% decline in oil prices this week. Oil closed at $42.54, down from over $55 a few weeks ago. AMR (American) was up substantially this week, as were most others.
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Does Frontier hedge it's Fuel costs like SWA? I know UAL does not have the cash to do this. Does Frontier?
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Frontier started hedging earlier this year, but not at the levels that Southwest does. I don't recall the exact amounts, however it should be in the 10Q report.
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