Frontier Group (NASDAQ:ULCC) Issues Earnings Results, Beats Expectations By $0.07 EPS

Frontier Group (NASDAQ:ULCC) posted its earnings results on Tuesday. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.07, FiscalAI reports. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Frontier Group had a negative return on equity of 27.39% and a negative net margin of 3.68%.The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. Frontier Group updated its Q2 2026 guidance to -0.600–0.45 EPS.

Here are the key takeaways from Frontier Group’s conference call:

• Frontier said Spirit’s shutdown is an opportunity—adding service on ~100+ former Spirit routes and expects a 3%–5% run-rate RASM uplift (about 2 points already built into Q2 guidance) as it recaptures displaced demand.
• Q1 results set company records with nearly $1.1 billion adjusted revenue and stage-adjusted RASM up 17% YoY; management expects Q2 RASM >20% and loyalty revenue growth remains strong (Q1 loyalty +30%+).
• Management is executing fleet and cost actions—deferring 69 Airbus deliveries, returning/terminating 24 leases (out by early June), targeting $200M of annual run-rate savings by 2027 and reducing pre-delivery deposits by $170M–$210M.
• Fuel is a clear near-term headwind (Q1 average ~$2.88/gal); Frontier expects to recapture ~35%–45% of the fuel spike in Q2 but noted fuel volatility delays giving full-year EPS guidance and pressures near-term results.
• Operational and product initiatives include a system maintenance push (FAA Diamond Award), improvements in completion factor/OTP, rollout of first-class seating this year and Wi‑Fi beginning 2027—management expects these to strengthen loyalty and diversify revenue over time.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $4.37 on Wednesday. Frontier Group has a 52 week low of $3.02 and a 52 week high of $6.66. The business’s 50 day moving average price is $3.82 and its 200 day moving average price is $4.43. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.00 billion, a P/E ratio of -7.16 and a beta of 2.41.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ULCC shares. Wall Street Zen upgraded shares of Frontier Group from a “strong sell” rating to a “sell” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research report on Tuesday, February 10th. Barclays restated an “underweight” rating and issued a $4.00 target price (down from $6.00) on shares of Frontier Group in a research note on Monday, March 2nd. Citigroup lifted their price target on shares of Frontier Group from $3.50 to $4.90 and gave the stock a “neutral” rating in a report on Monday. Finally, UBS Group reduced their price target on Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Frontier Group has a consensus rating of “Reduce” and an average target price of $5.13.

Key Frontier Group News

Here are the key news stories impacting Frontier Group this week:

• Positive Sentiment: Spirit Airlines shutdown creates near-term revenue/route opportunity for Frontier; management expects a revenue boost as carriers scoop up displaced capacity. CNBC: Frontier Airlines forecasts revenue boost from Spirit collapse
• Positive Sentiment: Frontier beat Q1 EPS expectations (reported -$0.30 vs. consensus -$0.37) and showed y/y revenue growth, which supports near-term investor confidence. PR Newswire: Q1 results
• Positive Sentiment: Citigroup raised its price target from $3.50 to $4.90 (neutral rating), giving the stock an analyst-driven upside signal. Benzinga: Citi raises price target
• Neutral Sentiment: Company set Q2 2026 EPS guidance at -$0.60 to -$0.45 (roughly in line with consensus), which tempers expectations but is not a positive catalyst by itself. Frontier press release / guidance
• Negative Sentiment: Management warned of sharply higher jet-fuel costs, forecasting a bigger-than-expected Q2 loss and pressuring margins — the dominant near-term negative driver for the stock. Reuters: Fuel costs surge and bigger quarterly loss
• Negative Sentiment: Coverage highlighting rising fuel expenses and a wider Q2 loss projection pushed sentiment down; some outlets note revenue misses or mixed top-line beats, underscoring execution risk as costs rise. Blockonomi: Stock dips on fuel expenses & wider Q2 loss Zacks: Q1 revenue miss

Insider Transactions at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the completion of the sale, the senior vice president directly owned 94,926 shares in the company, valued at approximately $569,556. The trade was a 5.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its position in Frontier Group by 29.4% during the fourth quarter. Invesco Ltd. now owns 251,047 shares of the company’s stock valued at $1,182,000 after purchasing an additional 57,055 shares during the period. Numerai GP LLC raised its stake in shares of Frontier Group by 530.6% during the 4th quarter. Numerai GP LLC now owns 86,544 shares of the company’s stock valued at $408,000 after buying an additional 72,819 shares during the last quarter. Caption Management LLC raised its stake in shares of Frontier Group by 19.8% during the 4th quarter. Caption Management LLC now owns 59,900 shares of the company’s stock valued at $282,000 after buying an additional 9,900 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Frontier Group by 37.5% in the 4th quarter. Russell Investments Group Ltd. now owns 191,298 shares of the company’s stock valued at $901,000 after buying an additional 52,146 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Frontier Group in the fourth quarter worth about $592,000.

About Frontier Group

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.