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Net Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Net Earnings Per Share [Abstract]  
Reconciliation Of Net Loss Per Share

Successor

Predecessor

For the three months ended March 31,

For the three months ended March 31,

($ in millions and shares in thousands, except per share amounts)

2022

2021

Net income used for basic and diluted earnings

per share:

Total basic net income

attributable to Frontier common shareholders

$

65 

$

60 

Effect of loss related to dilutive stock units

-

-

Total diluted net income

attributable to Frontier common shareholders

$

65 

$

60 

Basic earnings per share:

Total weighted average shares and unvested restricted stock

awards outstanding - basic

244,433 

104,786 

Less: Weighted average unvested restricted stock awards

-

(230)

Total weighted average shares outstanding - basic

244,433 

104,556 

Basic net earnings per share

attributable to Frontier common shareholders

$

0.27 

$

0.57 

Diluted earnings per share:

Total weighted average shares outstanding - basic

244,433 

104,556 

Effect of dilutive stock units

-

340 

Effect of dilutive restricted stock awards

818 

-

Total weighted average shares outstanding - diluted

245,251 

104,896 

Diluted net earnings per share

attributable to Frontier common shareholders

$

0.26 

$

0.57