Frontier Sees Ability to Cash in on Spirit’s Demise; Shares Rise

Frontier Group Holdings Inc. rose as much as 8% on Tuesday as the low-cost carrier touted better-than-expected sales and a drive to cash in on passenger demand following the demise of rival Spirit Aviation Holdings Inc.

Frontier executives kicked off a quarterly earnings call pitching the carrier as best-positioned to absorb former Spirit passengers, seeing a 3% to 5% rise in revenue per available seat flown a mile.