For the first time in five years, Frontier Airlines has posted a fourth-quarter profit, boosting hopes that the carrier can emerge from bankruptcy protection. Frontier earned a net profit of $1.1 million in the quarter, helped by a record $18.7 million profit in December alone. "These outstanding results are a testament to the sacrifices and hard work put forth by all of our employees," said CEO Sean Menke in a statement. "We have worked extremely hard throughout our restructuring to achieve these results that are bucking industry trends."
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