Frontier Group Holdings, Inc. (ULCC)

In November 2025, Frontier reported its third-quarter financial results, with total revenue of $886 million. In February 2026, Frontier reported its fourth-quarter and full-year 2025 financial results, including total revenue of $997 million and net income of $53 million. The company also announced an agreement with AerCap for the early return of 24 A320neo aircraft and reached a framework agreement with Airbus to adjust the delivery profile of 69 A320neo family aircraft. The stock initially surged but then tumbled due to investor skepticism about maintaining margins amidst high fuel costs. In March 2026, Frontier updated its first-quarter 2026 outlook, anticipating stronger revenue offset by higher fuel costs and storm-related disruptions. Analyst ratings and price targets have seen adjustments, and the stock has experienced volatility due to surging oil prices and broader market conditions.

Frontier Group Holdings, Inc. primarily serves leisure travelers, and the airline industry experiences seasonality in demand. Strong demand and fare trends were noted extending into the spring booking period in March 2026, across both peak and off-peak travel.

Frontier Group Holdings, Inc. operates as the parent company of Frontier Airlines, Inc., an ultra-low-cost carrier primarily serving leisure travelers, providing low-fare passenger airline services. Frontier offers air transportation for passengers, complemented by optional services at an additional cost, including baggage, seat selection, priority boarding, and ticket changes. As of December 31, 2025, Frontier operated a fleet of 176 Airbus single-aisle aircraft.

Frontier Group Holdings, Inc. provides flights throughout the United States and to select near international destinations in the Americas. As of 2025, the company served over 100 airports across the U.S., Mexico, and the Caribbean. Its headquarters are located in Denver, Colorado.

Frontier Airlines has been recognized as "America's Greenest Airline" based on its fuel efficiency compared to other major U.S. carriers.

Frontier Group Holdings, Inc. is owned by a mix of institutional shareholders, insiders, and retail investors. As of early April 2026, the company had 161 institutional owners holding a total of 125,411,750 shares. Major institutional owners include Indigo Partners LLC, Wildcat Capital Management, LLC, Vanguard Group Inc, BlackRock, Inc., Silver Point Capital L.P., U S Global Investors Inc, Ancient Art, L.P., Dimensional Fund Advisors Lp, Millennium Management Llc, and Geode Capital Management, Llc. William A. Franke is the largest individual shareholder, and Indigo Frontier Holdings Company LLC is also a major insider owner.