Frontier Group (NASDAQ:ULCC) Issues FY 2026 Earnings Guidance

Frontier Group (NASDAQ:ULCC) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.400-0.500 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of -. Frontier Group also updated its Q1 2026 guidance to -0.440–0.260 EPS.

Frontier Group Stock Performance

Shares of ULCC traded down $0.24 during midday trading on Thursday, reaching $5.26. 3,195,793 shares of the stock were exchanged, compared to its average volume of 3,586,131. The stock’s 50 day simple moving average is $5.18 and its 200 day simple moving average is $4.68. The company has a market cap of $1.20 billion, a P/E ratio of -8.55 and a beta of 2.55. Frontier Group has a twelve month low of $2.89 and a twelve month high of $9.58. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Wednesday, February 11th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.10 by $0.13. Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. The company had revenue of $997.00 million for the quarter, compared to analysts’ expectations of $971.35 million. During the same period last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. On average, sell-side analysts expect that Frontier Group will post 0.91 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on ULCC shares. Bank of America reiterated an “underperform” rating and set a $4.00 price target (down previously from $5.00) on shares of Frontier Group in a research report on Tuesday, January 6th. Citigroup started coverage on Frontier Group in a report on Thursday, December 4th. They set a “neutral” rating and a $5.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. Finally, Susquehanna boosted their target price on shares of Frontier Group from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Frontier Group presently has a consensus rating of “Reduce” and a consensus price target of $6.13.

Insider Activity at Frontier Group

In related news, CEO Barry Biffle sold 82,627 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $5.78, for a total transaction of $477,584.06. Following the sale, the chief executive officer owned 631,836 shares in the company, valued at $3,652,012.08. This represents a 11.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $6.00, for a total transaction of $30,000.00. Following the sale, the senior vice president directly owned 94,926 shares of the company’s stock, valued at approximately $569,556. This trade represents a 5.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 310,000 shares of company stock worth $1,700,444 over the last quarter. 48.00% of the stock is currently owned by company insiders.

Frontier Group News Roundup

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

• Positive Sentiment: Q4 beat — Frontier reported $0.23 EPS on $997M revenue, topping estimates and showing improved RASM/control on costs; this supports fundamentals despite industry headwinds. Frontier Group Holdings (ULCC) Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Fleet transaction — non‑binding deal with AerCap to return 24 A320neos early and pursue 10 sale‑leasebacks should accelerate fleet rightsizing and lower capacity/costs over time, backing the company’s $200M through‑2027 savings target. Frontier Announces Fleet Optimization Transaction with AerCap
• Neutral Sentiment: Turnaround path outlined — management mapped a multi‑year, high‑execution turnaround with aggressive cost cuts and a target 10% growth rate; these are strategic positives but hinge on execution and near‑term pain. Frontier Group Maps Risky Multi-Year Turnaround Path
• Neutral Sentiment: Earnings call/transcript available — management discussed cost discipline, fleet optimization and liquidity (year‑end liquidity ~$874M) — useful for investors but provided limited immediate upside without clearer profit timing. Frontier Q4 2025 Earnings Call Transcript
• Negative Sentiment: Weak 2026 guidance — Frontier set FY‑2026 EPS guidance of -0.40 to -0.50 and Q1 guidance of -0.44 to -0.26, well below analyst expectations, signaling continued near‑term losses and pressuring the stock. Frontier Airlines Reports Fourth Quarter 2025 Financial Results
• Negative Sentiment: Broker downgrade — Deutsche Bank cut Frontier to Hold, which can increase selling pressure and reduce margin support for the shares. Deutsche Bank Aktiengesellschaft Downgrades Frontier Group to Hold
• Negative Sentiment: Insider selling reported — filings showing insider sales contributed to a gap‑down and adds investor concern about near‑term sentiment. Frontier Shares Gap Down on Insider Selling
• Neutral Sentiment: Short‑interest reporting is inconsistent — public reports show anomalous zero/NaN values, so there’s no clear evidence of a meaningful short squeeze or covering impact at this time.

Institutional Investors Weigh In On Frontier Group

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of Frontier Group by 46.0% in the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock worth $81,000 after buying an additional 5,913 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Frontier Group by 33.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock worth $4,398,000 after purchasing an additional 251,509 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Frontier Group by 7.1% in the second quarter. Rhumbline Advisers now owns 117,984 shares of the company’s stock valued at $428,000 after acquiring an additional 7,791 shares during the period. Invesco Ltd. boosted its stake in Frontier Group by 35.1% during the second quarter. Invesco Ltd. now owns 108,806 shares of the company’s stock valued at $395,000 after buying an additional 28,256 shares during the period. Finally, First Trust Advisors LP bought a new stake in Frontier Group during the second quarter valued at approximately $477,000.

Frontier Group Company Profile

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.