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MARKETS / NASDAQ / ULCC
NASDAQ · AIR TRANSPORTATION, SCHEDULED · MID CAP

Frontier Group Holdings, Inc. ULCC

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.7B
▼ 1.4% YoY
$-137.0M
▼ 261.2% YoY
$-600.0M
In brief

What this company does

It is headquartered in Denver, Colorado and offers flights throughout the United States and to select near international destinations in the Americas. It provides low-fare passenger airline service primarily to leisure travelers. As of December 31, 2025, it had a fleet of 176 Airbus single-aisle aircraft, consisting of 6 A320ceos, 89 A320neos, 21 A321ceos and 60 A321neos. During the year ended December 31, 2025, it served approximately 100 airports throughout the United States and international destinations in the Americas. As of December 31, 2025, it had approximately 7,750 total employees, consisting of approximately 2,300 pilots, 3,700 flight attendants, 500 aircraft technicians, 150 employees across aircraft appearance agents, flight dispatchers, material specialists, and maintenance controllers, and 1,100 employees in administrative roles. It offers a frequent flyer program, FRONTIER Miles, and a membership program, Discount Den, which provides subscribers access to certain fares as well as its Kids Fly Free program.

Written from the business description in Frontier Group Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth
USD 3.7B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.7 · Net income -0.1
2B2019202020212022202320242025
Compound annual growth
+3.8%
+24.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +24.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.0% · Net -3.7%
5%10%-10%-20%2019202020212022202320242025
ROE
FY2025 · ROE -25.0%
20%40%-20%-40%2019202020212022202320242025

Each USD of equity lost 25 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -600.0
80M160M-200M-400M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2024 · Dividends 0.0 · Net buybacks —
80M201920202021202220232024

Total assetsUSD 7.2B
EquityUSD 491.0M
CashUSD 671.0M
Gross debtUSD 614.0M
Net debtUSD -57.0M
Current ratio0.46×

The company holds more cash than debt.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B3.73.83.63.32.11.22.5
Operating income $B−0.10.1−0.0−0.0−0.1−0.40.3
EBITDA $B·······
Income tax $B0.00.00.0−0.0−0.0−0.10.1
Net income $B−0.10.1−0.0−0.0−0.1−0.20.3
Free cash flow $B−0.6−0.2−0.3−0.10.2−0.60.1
EPS, diluted $−0.600.37−0.05−0.17−0.48−1.131.19
Dividend / sh $·0.000.000.000.000.000.76
Payout %·0−9−3−0−063
ROE %−25.015.3−2.2−7.1−24.3−52.846.3
Shares out B0.230.230.220.220.220.20·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 50 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAir Transportation, Scheduled
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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