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.

“We have more route overlap with Spirit than any other US carrier,” Chief Executive Officer Jimmy Dempsey told analysts after Frontier reported quarterly results that topped Wall Street’s expectations. Frontier will ...