Frontier Group Holdings, Inc. (ULCC) Form 10-Q — Oct 28, 2026
Frontier Group Holdings (ULCC) reported a Q3 2026 net loss of $104 million, widening from $77 million a year earlier, though adjusted net income was positive $40 million excluding one-time items. Nine-month losses reached $466 million as GAAP results absorbed $345 million of charges from early-returning 37 A320neo aircraft leases and a $73 million TSA fee reserve. Revenue momentum was strong: Q3 operating revenues rose 53% to $1,355 million on a 30% RASM increase and 18% capacity growth, even as fuel cost per gallon jumped 56% to $3.96 amid Middle East-driven energy volatility.
Key figures
- Revenue
- 1355000000
- Total Debt
- 486000000
- Revenue Yoy
- 53% (Q3 2026 vs Q3 2025)
- Total Assets
- 7032000000
- Cash Position
- 976000000
- Shares Outstanding
- 230417551
- Q3 casm cents
- 12.81
- Tsa reserve musd
- 73
- Debt to capital pct
- 93%
- Stockholders equity musd
- 37
- Adjusted q3 net income musd
- 40
- Q3 fuel cost per gallon usd
- 3.96
- Q3 adjusted casm ex fuel cents
- 7.84
- Total available liquidity musd
- 1178
- Federal excise tax assessment musd
- 133
- Early return agreement charges nine months musd
- 345
AI analysis
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