Frontier Group Holdings, Inc. (ULCC) stock

ULCCNasdaqAir Transportation, ScheduledFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 2/30

$7.59−0.11 (-1.43%)

Close on Nov 13, 2026Market cap $1.75BP/E –Yield –

Earnings

Frontier's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Feb 10, 2027

Q4 FY2026 · estimated, before the open

Revenue, Q3 FY2026

$1.36B

+52.9% on a year earlier

Adjusted (non-GAAP) diluted earnings per share, Q3 FY2026

$0.18

-$0.34 a year earlier

Latest guidance

Raised

Oct 28, 2026 · 4 items

Quarterly results

Revenue and earnings per share from each of Frontier's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Feb 10, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Oct 28, 2026before the open	$1.36B	+52.9%	-$0.45	$0.18	Release
Q2 FY2026ended Jun 30, 2026	Jul 29, 2026before the open	$1.28B	+37.7%	-$0.39	-$0.10	Release
Q1 FY2026ended Mar 31, 2026	May 5, 2026before the open	$992.00M	+8.8%	-$1.18	-$0.30	Release
Q4 FY2025ended Dec 31, 2025	Feb 11, 2026before the open	$997.00M	-0.3%	$0.23	$0.23	Release
Q3 FY2025ended Sep 30, 2025	Nov 5, 2025during market hours	$886.00M	-5.2%	-$0.34	–	Release
Q2 FY2025ended Jun 30, 2025	Aug 5, 2025before the open	$929.00M	-4.5%	–	-$0.31	Release
Q1 FY2025ended Mar 31, 2025	May 1, 2025during market hours	$912.00M	+5.4%	-$0.19	-$0.19	Release
Q4 FY2024ended Dec 31, 2024	Feb 7, 2025before the open	$1.00B	+12.2%	$0.23	$0.23	Release
Q3 FY2024ended Sep 30, 2024	Oct 29, 2024before the open	$935.00M	+5.9%	–	-$0.05	Release
Q2 FY2024ended Jun 30, 2024	Aug 8, 2024before the open	$973.00M	+0.6%	$0.14	$0.14	Release
Q1 FY2024ended Mar 31, 2024	May 2, 2024before the open	$865.00M	+2.0%	-$0.12	-$0.09	Release
Q4 FY2023ended Dec 31, 2023	Feb 6, 2024before the open	$891.00M	-1.7%	-$0.17	–	Release
Q3 FY2023ended Sep 30, 2023	Oct 26, 2023before the open	$883.00M	-2.5%	-$0.14	-$0.14	Release
Q2 FY2023ended Jun 30, 2023	Aug 1, 2023during market hours	$967.00M	+6.4%	$0.31	$0.31	Release
Q1 FY2023ended Mar 31, 2023	May 3, 2023during market hours	$848.00M	+40.2%	-$0.06	–	Release
Q4 FY2022ended Dec 31, 2022	Feb 8, 2023during market hours	$906.00M	+48.8%	$0.18	–	Release
Q3 FY2022ended Sep 30, 2022	Oct 26, 2022during market hours	$906.00M	+43.8%	$0.13	–	Release
Q2 FY2022ended Jun 30, 2022	Jul 27, 2022during market hours	$909.00M	–	$0.06	–	Release
Q1 FY2022ended Mar 31, 2022	Apr 28, 2022during market hours	$605.00M	–	-$0.56	-$0.50	Release
Q4 FY2021ended Dec 31, 2021	Feb 7, 2022before the open	$609.00M	–	-$0.25	-$0.24	Release
Q3 FY2021ended Sep 30, 2021	Nov 10, 2021during market hours	$630.00M	–	$0.10	-$0.11	Release
Q2 FY2021ended Jun 30, 2021	Aug 4, 2021during market hours	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	May 13, 2021during market hours	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Frontier's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Adjusted (non-GAAP) diluted earnings per sharenon-GAAP	Q4 FY2026	-$0.15 – $0.05	$0.00 – $0.20	Lowered	Oct 28, 2026
Capacity growth	Q4 FY2026	+5% – +6%	–	Lowered	Oct 28, 2026
Capacity growth (compared to corresponding 2025 quarter)	Q4 FY2026	+7%	–	New	Jul 29, 2026
Adjusted (non-GAAP) diluted per share expected resultsnon-GAAP	FY2026	-$0.40 – $0.50	–	New	Feb 11, 2026
Other capital expenditures	FY2026	$170.00M – $195.00M	$170.00M – $220.00M	Lowered	Oct 28, 2026
Pre-delivery deposits, net of refunds	FY2026	-$210.00M – -$170.00M	–	New	May 5, 2026
Capacity growth (compared to corresponding prior year period)	FY2026	+10%	–	New	Feb 11, 2026
Pre-delivery deposits, net of refunds	FY2026	-$195.00M – -$170.00M	-$210.00M – -$170.00M	Raised	Oct 28, 2026
Pre-delivery deposits, net of refunds ($ millions)	FY2026	-$210.00M – -$170.00M	–	New	Feb 11, 2026

Guidance vs results

The last range Frontier gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
Q3 FY2026	Adjusted (non-GAAP) diluted earnings (loss) per share	-$0.10 – $0.10	$0.18	Above range
Q2 FY2026	Adjusted (non-GAAP) diluted loss per share	-$0.60 – -$0.45	-$0.10	Above range
Q1 FY2026	Adjusted (non-GAAP) diluted per share expected results	-$0.44 – -$0.26	-$0.30	Within range
Q4 FY2025	adjusted (non-GAAP) diluted earnings per share	$0.04 – $0.20	$0.23	Above range
Q2 FY2025	Adjusted (non-GAAP) loss per share	-$0.37 – -$0.23	-$0.31	Within range
Q1 FY2025	Adjusted (non-GAAP) diluted earnings per share	$0.00 – $0.07	-$0.19	Below range

Guidance history

Every forecast Frontier put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 28, 2026	Other capital expenditures	FY2026	$170.00M – $195.00M	Lowered
Oct 28, 2026	Adjusted (non-GAAP) diluted earnings per share	Q4 FY2026	-$0.15 – $0.05	Lowered
Oct 28, 2026	Capacity growth	Q4 FY2026	+5% – +6%	Lowered
Oct 28, 2026	Pre-delivery deposits, net of refunds	FY2026	-$195.00M – -$170.00M	Raised
Jul 29, 2026	Other capital expenditures	FY2026	$170.00M – $220.00M	Lowered
Jul 29, 2026	Adjusted (non-GAAP) diluted earnings (loss) per share	Q3 FY2026	-$0.10 – $0.10	New
Jul 29, 2026	Adjusted (non-GAAP) diluted earnings (loss) per share	Q4 FY2026	$0.00 – $0.20	New
Jul 29, 2026	Capacity growth (compared to corresponding 2025 quarter)	Q3 FY2026	+17% – +18%	New
Jul 29, 2026	Capacity growth (compared to corresponding 2025 quarter)	Q4 FY2026	+7%	New
Jul 29, 2026	Pre-delivery deposits, net of refunds	FY2026	-$210.00M – -$170.00M	Reaffirmed
May 5, 2026	Pre-delivery deposits, net of refunds	FY2026	-$210.00M – -$170.00M	New
May 5, 2026	Other capital expenditures	FY2026	$170.00M – $220.00M	Raised
May 5, 2026	Adjusted (non-GAAP) diluted loss per share	Q2 FY2026	-$0.60 – -$0.45	New
May 5, 2026	Capacity growth (compared to 2Q 2025)	Q2 FY2026	+6% – +8%	New
May 5, 2026	total liquidity	Q2 FY2026	$900.00M – $950.00M	New
Feb 11, 2026	Other capital expenditures ($ millions)	FY2026	$200.00M – $250.00M	New
Feb 11, 2026	Adjusted (non-GAAP) diluted per share expected results	Q1 FY2026	-$0.44 – -$0.26	New
Feb 11, 2026	Adjusted (non-GAAP) diluted per share expected results	FY2026	-$0.40 – $0.50	New
Feb 11, 2026	Capacity growth (compared to corresponding prior year period)	Q1 FY2026	-2% – -1%	New
Feb 11, 2026	Capacity growth (compared to corresponding prior year period)	FY2026	+10%	New
Feb 11, 2026	Pre-delivery deposits, net of refunds ($ millions)	FY2026	-$210.00M – -$170.00M	New
Jan 8, 2026	adjusted (non-GAAP) diluted earnings per share	Q4 FY2025	$0.04 – $0.20	New
Aug 5, 2025	Adjusted (non-GAAP) loss per share	Q3 FY2025	-$0.42 – -$0.26	New
May 1, 2025	Adjusted (non-GAAP) loss per share	Q2 FY2025	-$0.37 – -$0.23	New
Feb 7, 2025	Pre-delivery deposits, net of refunds	FY2025	$10.00M – $45.00M	New
Feb 7, 2025	Other capital expenditures	FY2025	$175.00M – $235.00M	Raised
Feb 7, 2025	Adjusted (non-GAAP) diluted earnings per share	Q1 FY2025	$0.00 – $0.07	New
Oct 29, 2024	Pre-delivery deposits, net of refunds	Q4 FY2024	$5.00M – $25.00M	New
Oct 29, 2024	Other capital expenditures	Q4 FY2024	$35.00M – $55.00M	Raised
Oct 29, 2024	Effective tax rate	Q4 FY2024	10%	New
Oct 29, 2024	Adjusted (non-GAAP) pre-tax margin	Q4 FY2024	0% – 2%	New
Oct 29, 2024	Capacity change (versus 4Q 2023)	Q4 FY2024	-3% – -2%	New
Oct 29, 2024	Average fuel cost per gallon	Q4 FY2024	$2 – $3	New
Oct 29, 2024	Adjusted (non-GAAP) total operating expenses (excluding fuel)	Q4 FY2024	$725.00M – $745.00M	New
Oct 29, 2024	Adjusted (non-GAAP) CASM (excluding fuel), stage-length adjusted to 1,000 miles (versus 2023)	FY2024	-1%	Raised
Aug 8, 2024	Pre-delivery deposits, net of refunds	FY2024	-$20.00M – $0	Lowered
Aug 8, 2024	other capital expenditures	FY2024	$150.00M – $170.00M	Raised
Aug 8, 2024	Adjusted (non-GAAP) pre-tax margin (excluding special items)	Q3 FY2024	-3% – -6%	New
Aug 8, 2024	adjusted (non-GAAP) pre-tax margin	FY2024	-1.5% – 1.5%	New
Aug 8, 2024	Effective tax rate	Q3 FY2024	23%	New
Aug 8, 2024	Capacity growth (versus 3Q 2023)	Q3 FY2024	+4% – +6%	New
Aug 8, 2024	Fuel costs per gallon	Q3 FY2024	$3 – $3	New
Aug 8, 2024	Adjusted (non-GAAP) total operating expenses (excluding fuel)	Q3 FY2024	$700.00M – $720.00M	New
Aug 8, 2024	Capacity growth (versus 2023)	FY2024	+5% – +7%	Lowered
Aug 8, 2024	Adjusted (non-GAAP) CASM (excluding fuel), stage-length adjusted to 1,000 miles	FY2024	-1% – -2%	Lowered
Aug 8, 2024	Fuel costs per gallon	FY2024	$3 – $3	Lowered
May 2, 2024	Pre-delivery deposits, net of refunds	FY2024	$20.00M – $50.00M	Lowered
May 2, 2024	other capital expenditures	FY2024	$160.00M – $180.00M	Raised
May 2, 2024	Adjusted (non-GAAP) pre-tax margin (excluding special items)	Q2 FY2024	3% – 6%	New
May 2, 2024	Capacity	Q2 FY2024	+12% – +14%	New
May 2, 2024	Fuel costs	Q2 FY2024	$3 – $3	New
May 2, 2024	Adjusted (non-GAAP) total operating expenses (excluding fuel)	Q2 FY2024	$705.00M – $720.00M	New
May 2, 2024	adjusted (non-GAAP) pre-tax margin	FY2024	3% – 6%	Reaffirmed
May 2, 2024	capacity	FY2024	+12% – +15%	Reaffirmed
May 2, 2024	Adjusted (non-GAAP) CASM (excluding fuel), stage-length adjusted to 1,000 miles	FY2024	+1% – +3%	Raised
May 2, 2024	Fuel costs	FY2024	$3 – $3	Lowered
May 2, 2024	Effective tax rate	Q2 FY2024	23%	New
Feb 6, 2024	Other capital expenditures	FY2024	$160.00M – $180.00M	New
Feb 6, 2024	Effective tax rate	Q1 FY2024	23%	New
Feb 6, 2024	Adjusted (non-GAAP) pre-tax margin	Q1 FY2024	-7% – -4%	New
Feb 6, 2024	Capacity growth	Q1 FY2024	+5% – +7%	New
Feb 6, 2024	Fuel costs	Q1 FY2024	$3 – $3	New
Feb 6, 2024	Adjusted (non-GAAP) total operating expenses (excluding fuel)	Q1 FY2024	$645.00M – $660.00M	New
Feb 6, 2024	Adjusted (non-GAAP) pre-tax margin	FY2024	3% – 6%	New
Feb 6, 2024	Capacity growth	FY2024	+12% – +15%	New
Feb 6, 2024	Adjusted (non-GAAP) CASM (excluding fuel), stage-length adjusted to 1,000 miles	FY2024	-3% – -1%	New
Feb 6, 2024	Fuel costs	FY2024	$3 – $3	New
Feb 6, 2024	Pre-delivery deposits, net of refunds	FY2024	$20.00M – $50.00M	Raised
Oct 26, 2023	Other capital expenditures	Q4 FY2023	$30.00M	New
Oct 26, 2023	Pre-delivery deposits, net of refunds	Q4 FY2023	$90.00M – $105.00M	Raised
Oct 26, 2023	Adjusted (non-GAAP) total operating expenses (excluding fuel)	Q4 FY2023	$655.00M – $665.00M	New
Oct 26, 2023	Adjusted (non-GAAP) pre-tax margin	Q4 FY2023	-9% – -6%	New
Oct 26, 2023	Capacity growth	Q4 FY2023	+12% – +14%	New
Oct 26, 2023	Average fuel cost per gallon	Q4 FY2023	$3 – $3	New
Oct 26, 2023	Effective tax rate	Q4 FY2023	20%	New
Aug 1, 2023	Other capital expenditures	FY2023	$135.00M – $155.00M	Raised
Aug 1, 2023	capacity	FY2023	+19% – +21%	Lowered
Aug 1, 2023	Pre-delivery deposits, net of refunds	FY2023	$100.00M – $160.00M	Raised
Aug 1, 2023	Adjusted (non-GAAP) total operating expenses (excluding fuel)	FY2023	$2.54B – $2.59B	Raised
Aug 1, 2023	Average fuel cost per gallon	FY2023	$3 – $3	Lowered
Aug 1, 2023	Effective tax rate	Q3 FY2023	22%	New
Aug 1, 2023	adjusted (non-GAAP) pre-tax margin (excluding special items)	Q3 FY2023	4% – 7%	New
Aug 1, 2023	capacity	Q3 FY2023	+21% – +23%	New
Aug 1, 2023	Average fuel cost per gallon	Q3 FY2023	$3 – $3	New
Aug 1, 2023	Adjusted (non-GAAP) total operating expenses (excluding fuel)	Q3 FY2023	$650.00M – $665.00M	New
Aug 1, 2023	Effective tax rate	FY2023	22%	Lowered
Aug 1, 2023	adjusted (non-GAAP) pre-tax margin (excluding special items)	FY2023	4% – 6%	Lowered
May 3, 2023	Pre-delivery deposits, net of refunds	FY2023	$100.00M – $250.00M	Raised
May 3, 2023	Other capital expenditures	FY2023	$130.00M – $150.00M	Narrowed
May 3, 2023	Fuel costs	Q2 FY2023	2.65 – 2.75	New
May 3, 2023	effective tax rate	Q2 FY2023	24%	New
May 3, 2023	Adjusted (non-GAAP) pre-tax margin	Q2 FY2023	7% – 10%	New
May 3, 2023	capacity	Q2 FY2023	+22% – +24%	New
May 3, 2023	Adjusted (non-GAAP) total operating expenses (excluding fuel)	Q2 FY2023	$645.00M – $665.00M	New
May 3, 2023	Fuel costs	FY2023	2.8 – 2.9	New
May 3, 2023	effective tax rate	FY2023	24%	Reaffirmed
May 3, 2023	Adjusted (non-GAAP) pre-tax margin	FY2023	10% – 13%	New
May 3, 2023	Adjusted (non-GAAP) pre-tax margin	FY2023	7% – 9%	Lowered
May 3, 2023	capacity	FY2023	+19% – +22%	Lowered
May 3, 2023	Adjusted (non-GAAP) total operating expenses (excluding fuel)	FY2023	$2.50B – $2.55B	Raised
Feb 8, 2023	other capital expenditures	FY2023	$145.00M – $165.00M	New
Feb 8, 2023	Effective tax rate	Q1 FY2023	24%	New
Feb 8, 2023	Adjusted (non-GAAP) pre-tax margin	Q1 FY2023	-6% – -2%	New
Feb 8, 2023	Capacity growth	Q1 FY2023	+17% – +19%	New
Feb 8, 2023	Fuel costs	Q1 FY2023	$4 – $4	New
Feb 8, 2023	Adjusted (non-GAAP) total operating expenses (excluding fuel)	Q1 FY2023	$570.00M – $595.00M	New
Feb 8, 2023	Effective tax rate	FY2023	24%	New
Feb 8, 2023	Capacity growth	FY2023	+23% – +28%	New
Feb 8, 2023	Fuel costs	FY2023	$3 – $3	New
Feb 8, 2023	Pre-delivery deposits, net of refunds	FY2023	$120.00M – $200.00M	Raised
Feb 8, 2023	Adjusted (non-GAAP) total operating expenses (excluding fuel)	FY2023	$2.43B – $2.53B	New
Oct 26, 2022	Other capital expenditures	Q4 FY2022	$30.00M – $35.00M	New
Oct 26, 2022	Effective tax rate	Q4 FY2022	24%	New
Oct 26, 2022	Adjusted pre-tax margin	Q4 FY2022	3% – 7%	New
Oct 26, 2022	Capacity growth (versus 4Q 2019)	Q4 FY2022	+15% – +17%	New
Oct 26, 2022	Average fuel cost per gallon	Q4 FY2022	$4 – $4	New
Oct 26, 2022	Pre-delivery deposits, net of refunds - year-over-year change	Q4 FY2022	$25.00M	Raised
Oct 26, 2022	Adjusted total operating expenses (excluding fuel)	Q4 FY2022	$565.00M – $585.00M	New
Jul 27, 2022	Other capital expenditures	FY2022	$110.00M – $130.00M	Lowered
Jul 27, 2022	Effective tax rate	Q3 FY2022	24%	New
Jul 27, 2022	Adjusted pre-tax margin	Q3 FY2022	1% – 5%	New
Jul 27, 2022	Capacity growth (versus 3Q 2019)	Q3 FY2022	+8% – +10%	New
Jul 27, 2022	Average fuel cost per gallon	Q3 FY2022	$4 – $4	New
Jul 27, 2022	Adjusted total operating expenses (excluding fuel)	Q3 FY2022	$565.00M – $585.00M	New
Jul 27, 2022	Effective tax rate	FY2022	24%	Reaffirmed
Jul 27, 2022	Capacity (versus 2019)	FY2022	+12% – +15%	Reaffirmed
Jul 27, 2022	Average fuel cost per gallon	FY2022	$4 – $4	Lowered
Jul 27, 2022	Pre-delivery deposits, net of refunds – year over year change	FY2022	$110.00M	Raised
Jul 27, 2022	Adjusted total operating expenses (excluding fuel)	FY2022	$2.22B – $2.26B	Lowered
Apr 28, 2022	Other capital expenditures	FY2022	$120.00M – $140.00M	New
Apr 28, 2022	Effective tax rate	Q2 FY2022	24%	New
Apr 28, 2022	Adjusted pre-tax margin	Q2 FY2022	1% – 5%	New
Apr 28, 2022	Capacity growth (versus 2Q 2019)	Q2 FY2022	+10% – +12%	New
Apr 28, 2022	Average fuel cost per gallon	Q2 FY2022	$4 – $4	New
Apr 28, 2022	Adjusted total operating expenses (excluding fuel)	Q2 FY2022	$545.00M – $555.00M	New
Apr 28, 2022	Effective tax rate	FY2022	24%	New
Apr 28, 2022	Capacity (versus 2019)	FY2022	+12% – +15%	New
Apr 28, 2022	Average fuel cost per gallon	FY2022	$3 – $4	New
Apr 28, 2022	Pre-delivery deposits, net of refunds – year over year change	FY2022	$110.00M	Raised
Apr 28, 2022	Adjusted total operating expenses (excluding fuel)	FY2022	$2.23B – $2.28B	New
Nov 10, 2021	Other capital expenditures ($ millions) (d)	FY2021	$60.00M – $80.00M	New
Nov 10, 2021	Effective tax rate	Q4 FY2021	22%	New
Nov 10, 2021	Adjusted net income (loss) margin range	Q4 FY2021	-15% – -10%	New
Nov 10, 2021	Capacity (versus 4Q 2019) (a)	Q4 FY2021	+2% – +4%	New
Nov 10, 2021	Average fuel cost per gallon (c)	Q4 FY2021	$3	New
Nov 10, 2021	Adjusted total operating expenses (excluding fuel) ($ millions) (b)	Q4 FY2021	$530.00M – $540.00M	New
Nov 10, 2021	Pre-delivery deposits, net of refunds – year over year change ($ millions)	FY2021	$20.00M	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.