Net Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Net Earnings (Loss) Per Share [Abstract]

Reconciliation Of Net Earnings (Loss) Per Share

	Successor		Predecessor
	For the three months		For the three months
	ended September 30,		ended September 30,
($ in millions)	2021		2020
Net income used for basic and diluted earnings
per share:
Total basic net income
attributable to Frontier common shareholders	$	126	$	15
Effect of loss related to dilutive stock units		-		-
Total diluted net income
attributable to Frontier common shareholders	$	126	$	15
Basic earnings per share:
Total weighted average shares and unvested restricted stock
awards outstanding - basic		244,403		104,919
Less: Weighted average unvested restricted stock awards		-		(393)
Total weighted average shares outstanding - basic		244,403		104,526
Basic net earnings per share
attributable to Frontier common shareholders	$	0.52	$	0.14
Diluted earnings per share:
Total weighted average shares outstanding - basic		244,403		104,526
Effect of dilutive stock units		1,264		340
Total weighted average shares outstanding - diluted		245,667		104,866
Diluted net earnings per share
attributable to Frontier common shareholders	$	0.51	$	0.14

	Successor		Predecessor
	For the five months		For the four months		For the nine months
	ended September 30,		ended April 30,		ended September 30,
($ in millions)	2021		2021		2020
Net income (loss) used for basic and diluted earnings (loss)
per share:
Total basic net income (loss)
attributable to Frontier common shareholders	$	225	$	4,541	$	(352)
Effect of loss related to dilutive stock units		-		-		-
Total diluted net income (loss)
attributable to Frontier common shareholders	$	225	$	4,541	$	(352)
Basic earnings (loss) per share:
Total weighted average shares and unvested restricted stock
awards outstanding - basic		244,402		104,799		104,989
Less: Weighted average unvested restricted stock awards		-		(215)		(529)
Total weighted average shares outstanding - basic		244,402		104,584		104,460
Basic net earnings (loss) per share
attributable to Frontier common shareholders	$	0.92	$	43.42	$	(3.37)
Diluted earnings (loss) per share:
Total weighted average shares outstanding - basic		244,402		104,584		104,460
Effect of dilutive shares		1,198		340		-
Total weighted average shares outstanding - diluted		245,600		104,924		104,460
Diluted net earnings (loss) per share
attributable to Frontier common shareholders	$	0.92	$	43.28	$	(3.37)