Frontier Group Holdings, Inc.

Hello and welcome to the Frontier Group Holdings first quarter 2021 conference call. My name is Cherry and I will be moderating today's call. This call is being recorded and your play will be available on flyfrontier.com in the investor relations section. After today's prepared remarks, there will be an opportunity to ask questions. To ask a question during the session, you will need to press star one on your telephone. It is now my pleasure to turn the conference over to Susan Donofrio, Head of Investor Relations. You may begin.

Thank you, Operator, and welcome everyone to Frontier's first earnings call as a publicly traded company. This call is being recorded and simultaneously webcast. A replay of this call can be found on our website. On the call with me today are Barry Biffle, Frontier's President and CEO, Jimmy Dempsey, EVP and Chief Financial Officer, and Daniel Choze, Senior VP Commercial, as well as other members of the management team. Following our prepared remarks, there will be a question and answer session for the sell side analysts. We also wanted to remind everyone on the call that today's discussion contains forward-looking statements that are based on the company's current expectations and are not a guarantee of future performance. There could be significant risks and uncertainties that cause actual results to differ materially than those reflected by the forward-looking statements, including the risk factors discussed in our reports on file with the SEC. We undertake no duty to update any forward-looking statements. In comparing results today, we will be adjusting all periods to exclude special items. Please refer to our first quarter 2021 earnings release, which is available on our website for the reconciliation of our non-GAAP measures. With that, I will turn it over to Barry for his opening remarks.

Thank you, Susan. And thanks everyone for taking the time to attend our first earnings call as a public company. In a moment, Daniel and Jimmy will bring you through the details of the first quarter and their expectations going forward. First and foremost, we're pleased with what we're seeing in the demand for travel. The vaccine is truly unlocking the pent up demand everyone anticipated and bookings are getting stronger every week. We believe our focus on leisure travel coupled with our low fares done right strategy positions us as an industry leader in this recovery. Well, this has been a challenging year across the industry. We're very thankful to all our Team Frontier members for their commitment and diligence to ensuring our successful navigation through the pandemic, and they have helped us ensure we are well positioned to succeed in the recovery. I also want to thank our union leadership as they have partnered with us on a range of solutions to help keep our employees and customers safe over the past year. One thing is certain, Team Frontier is stronger than ever as we emerge from this crisis. As we position the business to maximize the rebound opportunity, we're adding roots to both new and existing cities in our domestic network and growing our near international network footprint as well. As an example, we added leisure destinations for the summers that include Nassau, San Jose, Costa Rica, and St. Martin. These additions come on the heels of new service already introduced to Guatemala City, San Salvador, as well in Central America. We've also added new nonstop routes from Atlanta, Dallas, Denver, Las Vegas, and Salt Lake City. Further, our commitment to being America's greenest airline was enhanced by the addition of three new A320neo aircraft added to the fleet during the first quarter of 2021. In addition to the fuel efficient engines, they were the first aircraft in our fleet to feature our new Recaro lightweight seats, which are 30% lighter than our existing seats and considerably more comfortable. We achieved significant milestones during the quarter, including executing an IPO to enhance our liquidity, becoming cash positive in March of 2021, and getting our departures back to 2019 levels in March of 2021. We're now focused on moving the business back to profitability in the second half of 2021 and operating at full utilization next year in 2022. Overall, there's positive energy across Team Frontier as we move beyond COVID. Our momentum aligned well. with the growth trajectory of the fleet position Frontier to maximize shareholder value and their recovery ahead. I'll now turn it over to Daniel, who will provide more details on our performance for the quarter.