Frontier Group Holdings, Inc.

Frontier Group Holdings, Inc.

ULCC
Frontier Group Holdings, Inc.US flagNASDAQ Global Select
5.69
USD
-0.08
- -
1.31BMarket Cap
2014 Y
2015 Y
2016 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.43
7.49
8
10.07
11.71
5.81
9.76
15.26
16.31
16.83
16.35
16.64
Basic EPS, GAAP
0.65
0.68
0.93
0.37
1.17
-1.05
-0.48
-0.17
-0.05
0.38
-0.6
-1.6
Free Cash Flow per Basic Share
0.61
0.47
1.09
0.72
0.72
-2.59
0.85
-0.87
-1.35
-0.37
-2.41
-1.8
Dividend per Share
- -
- -
0.47
0.99
0.74
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
1.4
1.84
- -
2.27
1.21
0.75
0.56
0.5
0.87
0.26
-0.93
Tangible Book Value per Share
- -
1.42
1.92
- -
2.39
1.31
2.37
2.21
2.18
2.57
2.04
0.85
Basic Weighted Avg Shares
214
214
214
214
214
215
211
218
220
224
228
229
Sales/Revenue/Turnover
1,593
1,604
1,714
2,156
2,508
1,250
2,060
3,326
3,589
3,775
3,724
3,804
Operating Margin (%)
14.31
17.21
18.49
4.27
12.32
-44.64
-20
-1.05
-0.08
1.54
-4
-10.15
Depreciation Expense
29
54
75
78
46
33
38
45
50
72
91
96
Net Income, GAAP
140
146
200
80
251
-225
-102
-37
-11
85
-137
-366
Effective Tax Rate (%)
37.5
35.96
36.71
23.81
22.77
- -
- -
- -
134.38
1.16
- -
- -
Profit Margin (%)
8.79
9.1
11.67
3.71
10.01
-18
-4.95
-1.11
-0.31
2.25
-3.68
-9.62
Working Capital
- -
43
169
- -
-310
-353
-289
-535
-787
-862
-1,145
-1,140
LT Debt
- -
118
96
- -
1,969
2,095
2,278
2,306
2,659
3,543
4,383
4,215
Total Equity
- -
342
446
- -
542
310
530
509
507
604
491
222
Return on Invested Capital (%)
- -
57.48
29.68
19.02
15.33
- -
- -
- -
0.03
1.23
- -
- -
Return on Capital (%)
- -
56.09
34.42
25.91
16.78
- -
- -
- -
-0.34
2.16
- -
- -
Return on Common Equity (%)
- -
97.66
57.64
40.51
103.29
-60.24
-48.57
-26.33
-9.44
55.37
-107.45
-324.4

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,081
1,080
1,033
LT Borrowings
305
313
343
LT Finance Leases
3,646
4,070
3,872
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
228
229
230
Market Capitalization
1,004
1,074
807

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
847
958
1,098
Cash, Cash Equivalents & STI
566
671
772
Accounts Receivable, Net
93
85
118
Inventories
90
90
106
Total Current Liabilities
2,110
2,103
2,238
Payables & Accruals
447
421
437
ST Debt
1,081
1,080
1,033
Deferred Revenue
343
368
480

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
13.41%
-18.71%
Free Cash Flow
- -
43.39%
569.51%
Net Income, GAAP
-131.72%
-264.52%
-261.18%
Sales/Revenue/Turnover
13.75%
27.6%
-1.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
865
973
935
1,002
3,775
2025
912
929
886
997
3,724
2026
992
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.12
0.14
0.12
0.24
0.38
2025
-0.19
-0.31
-0.34
0.23
-0.6
2026
-1.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
James G. Dempsey
Full Time Employees
7,906
Sector
Industrials
Industry
Airlines, Airports & Air Services
Address
4545 Airport Way Denver CO United States of America 80239
IPO Date
Apr 1, 2021
Business
Frontier Group Holdings, Inc. (Nasdaq: ULCC) operates as the parent company of Frontier Airlines, Inc., a low-fare scheduled passenger airline serving leisure travelers primarily in the United States and Latin America; the company offers point-to-point nonstop flights on a fleet of 159 Airbus single-aisle aircraft as of December 31, 2024, with ancillary products and services including bags, seats, snacks, beverages, early boarding, and the Frontier Miles loyalty program featuring free unlimited companion travel benefits for Elite Platinum and Diamond status members; sales occur through direct channels such as the company website, mobile app, and contact centers, targeting price-sensitive customers in top U.S. metropolitan areas with a focus on network optimization, customer experience enhancements, and fleet deliveries extending through 2031 including commitments for an additional 180 aircraft. Founded in 1994 and headquartered at 4545 Airport Way in Denver, Colorado, Frontier Group Holdings employs approximately 7,913 people and competes in the ultra-low-cost carrier segment of the passenger airlines industry under CEO Barry Biffle. Recent developments include the launch of over 40 new routes in 2025 across the U.S., Caribbean, and Latin America such as Baltimore-Chicago O'Hare, Myrtle Beach-Trenton, and expansions from Atlanta to capture market share amid Spirit Airlines' financial challenges; a January 2025 proposal to combine with Spirit Airlines via newly issued debt and common stock, offering higher recoveries for Spirit stakeholders than its standalone restructuring plan and promising synergies for a stronger low-cost carrier with enhanced service reliability and market expansion; and loyalty program upgrades driving a 19 percent increase in cardholder spending in the second quarter of 2025 alongside product investments for 2026 growth.

Company News

APIChat
  • Cognizant Develops Frontier Certified Engineer and Frontier Business Operator Roles to Define the Next Generation of AI-Powered Work

  • Commvault Encourages Organizations to Adopt a Four-Step Approach to Resilience in the Age of Frontier AI

  • The Final Frontier Is Becoming Big Business. Here Are 3 Space Stocks to Buy Now.

  • Check Point Software Launches Agentic Exposure Validation to Counter Frontier AI Models Now Capable of Autonomous Exploitation

  • From Frontier Models to Business Outcomes: Perficient and Lovable Partner to Accelerate AI-Native Innovation and Enterprise Transformation

  • BrightNight Announces Financial Close for Frontier, a 120 MW Solar Project Delivering Clean Power to Kentucky

  • International Frontier Resources Corporation and Kinjal Corporation Provide Transaction Update on Debt Facility, Proposed Mexican Asset Transactions and New Board Additions

  • Water Tower Research Publishes Initiation of Coverage Report on NurExone Biologic, Inc., “A Novel Exosome Therapy Platform at the Frontier of CNS Regeneration”

  • Airline Stocks Soar as Summer Travel Demand Holds Strong

  • SpaceX IPO Filing Reveals AI's Next Frontier Is Out of This World

  • New Frontier Minerals Advances its Australian Copper Project with its Partner Austral Resources

  • Frontier Nuclear Nears Maiden Mineral Resource Estimate at Engo Valley as U.S. Accelerates Nuclear Fuel Cycle Strategy

  • Rival Airlines Are Carving Up Spirit's Routes and Airport Slots

  • I lost my flight attendant job when Spirit shut down. I've had to manage my emotions and am hopeful I'll find new work soon.

  • Frontier Power USA Formed to Accelerate Deployment of American-Made Long-Duration Energy Storage Infrastructure

  • Eos Energy Enterprises Reports First Quarter 2026 Financial Results and Announces Frontier Power USA

  • Eos Energy Enterprises and Cerberus Capital Management Announce Frontier Power USA to Deploy American-Made Long Duration Energy Storage at Scale

  • Spirit's Big Fail: Oversized Planes Are Breaking Low-Cost Airlines

  • IRONSCALES Becomes First Email Security Vendor Verified Under Anthropic's Cyber Verification Program, Gaining Frontier AI Access for Preemptive Defense

  • Passengers on the Frontier flight that hit a person broke a key rule of airline evacuations