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  "documentTitle": "Frontier | Investor Conference Presentation Deck | 20 slides",
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  "authorName": "Frontier and Spirit",
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  "presentationDate": "2022-03-01 00:00:00",
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  "notes": "The slide uses a bar chart to contrast the low debt burden of the subject airlines against the significantly higher burden of competitors.",
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      "text": "Other Airlines added approximately $72 billion of debt to their balance sheets during 2020 and 2021; resulting interest burden will widen our relative cost advantage",
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      "text": "Principal and interest payments from incremental debt issued during the pandemic, per passenger ($)",
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      "text": "Note: Incremental debt reflects debt raised during 2020 and 2021 from public filings as of 12/31/21; principal and interest payment per passenger reflects the average annual payment assuming 5-year amortization and 2019 passenger count; Other Airlines include Big 4, Middle 3 and Allegiant; Frontier debt per passenger excludes the $150 million treasury loan, which was fully repaid in February 2022",
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      "text": "Relative Cost Advantage Widens Post-COVID",
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