Frontier Group Holdings, Inc. (ULCC) Form 8-K — Oct 28, 2026
Frontier Group Holdings (ULCC) reported record Q3 2026 revenue of $1,355 million, up 53% year-over-year, with adjusted (non-GAAP) net income of $40 million or $0.18 per diluted share, significantly above guidance despite fuel prices $0.26 per gallon higher than assumed. RASM jumped 30% to 11.87 cents on 18% higher capacity, and management credited strong travel demand plus revenue management initiatives. However, on a GAAP basis Frontier posted a net loss of $104 million, driven largely by a $134 million charge from a Second Early Return Agreement terminating 13 A320neo leases, plus a $6 million union contract ratification charge.
Key figures
- Revenue
- 1355000000
- Guidance
- Q4 2026 adjusted (non-GAAP) diluted EPS of $(0.15) to $0.05; capacity growth of 5 to 6 percent; RASM expected up over 20% YoY; average fuel cost estimated at $4.75 per gallon
- Revenue Yoy
- 53%
- Cash Position
- 1180000000
- Rasm yoy
- 30%
- Fleet size
- 164
- Rasm cents
- 11.87
- Load factor
- 79% (flown)
- Fuel expense
- $425 million
- Adjusted eps q3
- $0.18
- Asms per gallon
- 107
- Tsa reserve charge
- $73 million (nine months)
- Capacity growth yoy
- 18%
- Weighted avg shares
- approximately 233 million
- Fuel cost per gallon
- $3.96 (up 56% YoY)
- Adjusted casm ex fuel
- 7.40 cents (stage-adjusted)
- Adjusted net income q3
- $40 million
- Adjusted operating expenses
- $1,321 million
- Total operating expenses gaap
- $1,463 million
- Second early return agreement charge
- $134 million
AI analysis
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