Morgan Stanley believes now is an opportune time to buy shares of Frontier.
Morgan Stanley believes now is an opportune time to buy shares of Frontier . "With the SAVE merger pursuit now in the rear-view mirror, we view Frontier as the quintessential ULCC due to its ultra-low fares, ultra-low cost structure, and attractive margins," wrote analyst Ravi Shanker in a note to clients Wednesday.
At Frontier in particular, Shanker believes shares are trading at attractive levels as he expects the company to generate strong non-ticket revenues and notch a fresh ancillary revenue per passenger record boosted in part by capacity growth and higher available seat miles.
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