Net (Loss) Earnings Per Share

6 Months Ended

Jun. 30, 2025

Net (Loss) Earnings Per Share [Abstract]

Net (Loss) Earnings Per Share

(14) Net (Loss) Earnings Per Share:

The reconciliation of the net (loss) income per common share calculation is as follows:

	For the three months ended ‎June 30,				For the six months ended ‎June 30,
($ in millions and shares in thousands, except per share amounts)	2025		2024		2025		2024
Net loss used for basic and diluted earnings
per share:
Total basic net loss
attributable to Frontier common shareholders	$	(123)	$	(123)	$	(187)	$	(122)
Effect of loss related to dilutive stock units		-		-		-		-
Total diluted net loss
attributable to Frontier common shareholders	$	(123)	$	(123)	$	(187)	$	(122)
Basic earnings per share:
Total weighted average shares and unvested
restricted stock awards outstanding - basic		250,259		248,754		250,019		247,382
Less: Weighted average unvested restricted stock awards		-		-		-		-
Total weighted average shares outstanding - basic		250,259		248,754		250,019		247,382
Basic net loss per share
attributable to Frontier common shareholders	$	(0.49)	$	(0.49)	$	(0.75)	$	(0.49)
Diluted earnings per share:
Total weighted average shares outstanding - basic		250,259		248,754		250,019		247,382
Effect of dilutive performance stock awards		-		-		-		-
Effect of dilutive restricted stock awards		-		-		-		-
Total weighted average shares outstanding - diluted		250,259		248,754		250,019		247,382
Diluted net loss per share
attributable to Frontier common shareholders	$	(0.49)	$	(0.49)	$	(0.75)	$	(0.49)

In calculating diluted net loss per common share, the effect of certain outstanding RSUs and PSUs has been excluded from the computation as the effect would be antidilutive. For the three and six months ended June 30, 2025, RSUs of approximately 1,043,000 and 981,000, respectively, and PSUs of approximately 898,000 and 763,000 have been excluded.

In calculating diluted net loss per common share, the effect of certain outstanding RSUs and PSUs has been excluded from the computation as the effect would be antidilutive. For the three and six months ended June 30, 2024, RSUs of approximately 629,000 and 878,000, respectively, and PSUs of approximately 149,000 and 134,000, respectively, have been excluded.