Frontier Group Holdings

Frontier Group Holdings, Inc. engages in the operation of passenger airline. It offers flights throughout the United States and selected international destinations in the Americas. The company was founded on September 2013 and is headquartered in Denver, CO.

Earnings data Q1 2021

Earnings data Q2 2021

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Frontier Group Holdings reports robust Q4 performance amidst operational challenges

Frontier Group Holdings showcased strong financial performance and strategic focus on cost management and revenue diversification. While facing challenges like aircraft and Airbus delays, the company is leveraging opportunities in cost reduction and operational efficiency to drive growth and profitability.

Frontier Group Holdings beats Q1 expectations, eyes growth opportunities

Frontier Group Holdings exceeded expectations in Q1 with strong revenue and margin performance.
The company's focus on leisure travel, product innovation, and network optimization bodes well for future growth.
While facing challenges like Airbus delays and mechanic shortages, Frontier remains confident in its strategic plans.
Opportunities lie in cost efficiencies, potential partnerships, and workforce recruitment efforts for sustained growth.

Frontier Group Holdings reports strong Q2 performance amidst operational challenges

Frontier Group Holdings navigated a strong quarter with impressive capacity growth and revenue per passenger metrics. Despite operational challenges and external factors impacting margins, the company remains focused on growth and cost efficiency. Strategic capacity adjustments and network management are key to sustaining revenue and improving margins.

Frontier Group Holdings addresses challenges, eyes growth in underserved markets

Frontier Group Holdings navigated challenges in Q3, focusing on cost efficiencies and operational improvements for future growth.
Strategic initiatives to enhance reliability, reduce costs, and target underserved markets position the company for long-term success.
Despite setbacks, the company remains committed to providing low-cost, high-value services and aims for sustained profitability.

Frontier Group Holdings surpasses Q4 expectations, eyes growth strategies

Frontier Group Holdings' Q4 performance exceeded expectations, with a focus on margin improvement and operational efficiency. Strategic initiatives to address challenges and capitalize on opportunities position the company for growth in 2024 and beyond.

Frontier Group Holdings exceeds Q1 expectations, eyes operational efficiency

Frontier Group Holdings delivered a strong performance in Q1 2024, with better-than-expected margins and revenue growth.
The company faces challenges from new market dynamics and pilot negotiations but remains focused on strategic growth.
Opportunities lie in operational efficiency improvements, revenue initiatives, and market positioning for Frontier's future success.
Overall, Frontier's resilience, strategic planning, and cost-saving measures position it well for future growth and performance.

Frontier Group Holdings reports resilient Q3 performance amidst challenges

Frontier Group Holdings navigated through challenges in Q3, showcasing revenue growth, operational improvements, and strong partnerships. Despite headwinds, the company is focused on enhancing RASM, expanding capacity, and driving incremental revenue through premium products and partnerships.

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Frontier Group Holdings, Inc. engages in the provision of air transportation. The company was founded on September 2013 and is headquartered in Denver, CO.

Frontier Airlines CEO Barry Biffle said in an appearance on FOX Business' "The Claman Countdown" that the air traffic controller shortage poses a risk of disrupting summer travel.

Frontier Airlines CEO hopes air traffic controller shortage won't sink summer travel

Spirit Airlines

Spirit used to charge anywhere from $69 to $119 for ticket changes and cancellations, depending on how close to departure the customer made the change.

Spirit Airlines gets rid of change and cancellation fees, joining Frontier

Frontier Airlines announced that it's eliminating change fees as it works to comply with the Biden administration's mandate that U.S. carriers become more transparent with pricing.

Frontier Airlines eliminates change fees as Biden admin cracks down on transparent pricing

Introducing the 'For Less' Price Guarantee: Ensuring You Always Get the Best Deal DENVER , May 17, 2024 /PRNewswire/ -- Frontier Airlines (NASDAQ: ULCC) today introduced sweeping changes to its product and customer service offerings, ushering in 'The New Frontier' for the airline. This evolution in Frontier's approach to travel is all about improving what customers can expect – from more transparent pricing and no change fees to an enhanced customer experience.

Announcing 'The New Frontier': Transparent Pricing, No Change Fees, and Enhanced Customer Experience

The changes come amid the Biden administration's crackdown on so-called "junk fees."

Frontier Airlines does away with change fees in budget airline pricing overhaul

Frontier Group Holdings, Inc. (NASDAQ:ULCC ) Q1 2024 Results Conference Call May 4, 2024 11:00 AM ET Company Participants David Erdman - Senior Director, Investor Relations Barry Biffle - Chief Executive Officer Jimmy Dempsey - President Mark Mitchell - Chief Financial Officer Bobby Schroeder - Chief Commercial Officer Conference Call Participants Brandon Oglenski - Barclays Savi Syth - Raymond James Shannon Doherty - Deutsche Bank Helane Becker - TD Cowen Jamie Baker - JPMorgan Conor Cunningham - Melius Research Stephen Trent - Citi Christopher Stathoulopoulos - Sequoia Financial Group Operator Good day and thank you for standing by. Welcome to the Frontier Group Holdings, Inc., Q1 2024 Earnings Call.

Frontier Group Holdings, Inc. (ULCC) Q1 2024 Earnings Call Transcript

Frontier Airlines beat Q1 2024 revenue estimates by $3.5 million with a 2% increase year-over-year. Costs grew by 2.6%, but came in lower than expected, providing a $0.07 per share tailwind to earnings. Frontier Airlines expects to grow capacity by 12-14% in Q2 2024, with adjusted operating expenses indicating around 10.5% growth in costs.

Frontier Airlines Stock: A Buy After Earnings And Management Execution

The headline numbers for Frontier Group (ULCC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Frontier Group (ULCC) Q1 Earnings: A Look at Key Metrics

JetBlue Airways

Southwest Airlines

Southwest, Frontier, and JetBlue shares all underperformed in April, with each company weighed down by different issues. It is possible some of these issues will not be resolved until after this demand cycle has ebbed.

Why April Was a Miserable Month for Discount Airline Stocks

Frontier Group Holdings (ULCC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.06 per share a year ago.

Frontier Group Holdings (ULCC) Reports Q1 Loss, Tops Revenue Estimates

DENVER , May 2, 2024 /PRNewswire/ -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the first quarter of 2024 and issued guidance for the second quarter and full-year 2024. First  Quarter 2024 Summary: Total operating revenues were $865 million, 2 percent higher than the comparable 2023 quarter, on capacity growth of 8 percent Cost per available seat mile ("CASM") was 9.49 cents, a reduction of 5 percent over the comparable 2023 quarter Adjusted CASM (excluding fuel), a non-GAAP measure, was 6.71 cents, on a 9 percent shorter average stage length; adjusted CASM (excluding fuel) on a stage-adjusted basis to 1,000 miles, a non-GAAP measure, was 3 percent lower than the comparable 2023 quarter Pre-tax loss and adjusted (non-GAAP) pre-tax loss were each $24 million; pre-tax margin and adjusted (non-GAAP) pre-tax margin were each (2.8) percent, reflecting better than expected cost and revenue performance Took delivery of six A321neo aircraft during the first quarter, increasing the proportion of the fleet comprised of the more fuel-efficient A320neo family aircraft to 80 percent as of March 31, 2024, the highest of all major U.S. carriers Generated 105 available seat miles ("ASM") per gallon, a 2 percent improvement compared to the corresponding 2023 quarter, reaffirming Frontier's position as "America's Greenest Airline" as measured by fuel efficiency (ASMs per fuel gallon consumed during the first quarter; compared to all other major U.S. carriers) As part of the strategy to diversify revenue and provide additional premium options, the Company launched BizFare, a new program designed to help companies save money on business travel and deliver a convenient, rewarding experience, and UpFront Plus, a new upgraded seating option with extra space and comfort in the first two rows of the aircraft Opened a 10th crew base in Cleveland, announced Frontier's largest network expansion focused on high-fare, underserved markets and continued to trend as planned toward targeted levels of scheduled out-and-back flying by peak summer 2024 Launched a reimagined Frontier Miles loyalty program which contributed to the Frontier Airlines World Mastercard being recognized by Money.com as the best airline credit card for budget travel, citing its high reward rate and the fact that every dollar spent counts toward elite status "Rigorous cost and revenue management contributed to first quarter results which exceeded expectations," commented Barry Biffle, Chief Executive Officer.

Frontier Airlines Reports First Quarter 2024 Financial Results

Frontier focuses on customer-oriented service, offering family-friendly plans and bonuses for frequent flyers. Frontier's revenues have seen significant growth, indicating an effective business model attracting more customers. The stock now is cheap, and I recommend buying with a long-term horizon.

Frontier Group Holdings: Growth Fueled By Surge In Passengers And Strategic Promotions

Frontier Group (ULCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Frontier Group Holdings (ULCC) to Report a Decline in Earnings: What to Look Out for

Mesa Air Group Inc.

SkyWest

When travelers and investors think about the airline industry, their attention remains captivated by big names like United Airlines (NASDAQ: UAL ) or Delta (NYSE: DAL ). After all, these airlines operate the most exciting routes and aircraft, with flashy first-class amenities and branded credit cards.

Grounded No More: 3 Regional Airline Stocks to Lift Your Portfolio

DENVER , April 18, 2024 /PRNewswire/ -- Frontier Group Holdings, Inc. (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., will be releasing first quarter 2024 financial results before market open on Thursday, May 2, 2024. Management will host a live webcast with analysts to discuss these results the same day at 11:00am ET.

Frontier Group Holdings Announces Webcast of First Quarter 2024 Financial Results

U.S. no-frills carrier Frontier Airlines is focusing on growing its network in "high fare" markets like Seattle and Detroit at the expense of its footprint in leisure markets such as Las Vegas and Florida in a bid to lift earnings, its CEO told Reuters.

Frontier Airlines overhauls network, turns to premium seats in comeback

William A. Franke, George Roberts, and an Investment Fund Advised by Wildcat Capital Management Continue to Support Frontier Group Holdings as Significant Shareholders PHOENIX , March 29, 2024 /PRNewswire/ -- Indigo Partners LLC ("Indigo") has advised Frontier Group Holdings, Inc. (NASDAQ: ULCC) ("Frontier" or "the Company"), parent company of Frontier Airlines, Inc., that it will distribute the shares of Frontier common stock owned by an affiliated investment fund to its members, including William A. Franke, Chair of the Frontier Board of Directors, and Indigo Partners investors, including George Roberts and an investment fund advised by Wildcat Capital Management, an investment advisor to a number of clients, including David Bonderman.

Indigo Partners Announces Plans to Distribute Frontier Group Holdings Common Stock to its Limited Partners

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Many high-flying growth stocks crashed back to earth when the 2021 boom cooled off. Companies that weren't consistently crushing earnings estimates got caught in the broader market downdraft.

Double Down: 7 Beaten-Down Growth Stocks to Buy Hand Over Fist

Frontier Group (ULCC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Frontier Group (ULCC) a New Buy Stock

Frontier has started to sell seats at the front of the plane with blocked middle seats, starting at $49.

Frontier's newest upsell: Empty middle seats, more legroom at the front of the plane

New Upgraded Seating in First Two Rows Will Provide Extra Leg and Elbow Room and Ensure Customers are First Off the Aircraft Introductory Upgrade Pricing Starts at $49 Per Passenger, Per Flight Segment DENVER, March 12, 2024 (GLOBE NEWSWIRE) -- Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) today announced the introduction of UpFront Plus, a new upgraded seating option with extra space and comfort in the first two rows of the aircraft. Customers in UpFront Plus will enjoy a window or aisle seat with extra legroom and a guaranteed empty middle seat, providing additional personal space and comfort at an exceptional value.

Frontier Airlines Introduces New UpFront Plus Seating with a Guaranteed Empty Middle Seat for Added Personal Space and Comfort

DENVER, March 11, 2024 (GLOBE NEWSWIRE) -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced that Barry Biffle, CEO, will present at the JP Morgan Industrials Conference on Tuesday, March 12, 2024, at 1:15pm ET. The event will be webcast and may be accessed through a link posted to the Company's investor relations website at https://ir.flyfrontier.com/news-and-events/events.

Frontier Airlines to Participate in the JP Morgan Industrials Conference

DENVER, March 05, 2024 (GLOBE NEWSWIRE) -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced the appointment of Bobby Schroeter to the position of Senior Vice President – Chief Commercial Officer for Frontier Airlines effective Mar. 25, 2024. In his new role, Schroeter will oversee the airline's commercial division which includes pricing and revenue management, network planning, and marketing.

Frontier Airlines Announces Appointment of Bobby Schroeter to Senior Vice President – Chief Commercial Officer

Frontier shareholders are the big beneficiaries of the decision by JetBlue and Spirit to abandon their merger. Frontier was already one of the best growth stories in the industry, and now it doesn't have to compete with the proposed combination.

Why Frontier Stock Is Flying High Today

Frontier shares jumped in February after the company reported solid earnings and gave an upbeat outlook for 2024 growth. Even with the surge, the stock is down from early 2023.

News for Frontier Group Holdings Stock (ULCC)