Frontier Group Holdings, Inc.

Good day, everyone, and welcome to the Frontier Group Holdings, Inc., second quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To participate, you will need to press star-1-1 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question, simply press star-1-1 again. Please note this event is being recorded. Now it's my pleasure to turn the call over to the Senior Director of Investor Relations, David Erdman.

Thank you and good morning and welcome to our second quarter 2025 earnings call. On the call with me in speaking order are Barry Biffle, Chief Executive Officer, Jimmy Dempsey, President, Bobby Schroeder, Chief Commercial Officer, and Mark Mitchell, Chief Financial Officer. Each will deliver brief remarks, but before they do, I'll recite the customary Safe Harbor provisions. During this call, we will be making forward-looking statements which are subject to risks and uncertainties. Actual results may differ materially from those predicted in these forward-looking statements. Additional information concerning risk factors which could cause such differences are outlined in the announcement we released earlier, along with reports we file with the Securities and Exchange Commission. During this call, we will be discussing non-GAAP financial measures, actual results of which are reconciled to the nearest comparable gap measure in the appendix of the earnings announcement. We'll also be referencing stage-adjusted unit metrics, which are based on 1,000 miles. With that, I'll give the floor to Barry to begin his prepared remarks. Barry?

Thanks, David. Good morning, everyone. Our second quarter results were within our guidance range, overcoming significant weather and extensive air traffic controls delay in late May and June, which we estimate to be two to three points on the quarter. Our third quarter guidance incorporates a similar impact for July. Proud of Team Frontier for the contributions during the quarter as we navigated through this environment and for remaining focused on our top priority of delivering a safe and reliable experience to our customers. We're seeing an improvement to our forward bookings for August and beyond as the industry adjusts capacity. Encouragingly, in frontier markets specifically, we're seeing a greater reduction in competitive capacity than the average in the industry by about three points, which alongside with our commercial initiatives is expected to support mid to high single-digit RASM growth in the third quarter on a stage-adjusted basis. I'm confident in our ability to generate incremental RASM benefit from our enhanced loyalty initiatives and our additional premium product offerings. For example, our cardholder spend is up nearly 20% year-over-year, These product and loyalty enhancements, combined with our industry-leading total cost advantage, are expected to provide a solid foundation for profitability in 2026. And I'll turn this call over to Jimmy for a commercial review. Jimmy?