Frontier Group Holdings
ULCC

$3.74

2.6%

Market Cap: $840M

About: Frontier Group Holdings Inc is an ultra-low-cost carrier whose business is focused on Low Fares Done Right. The company owns a fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos and 4 A321neos. The use of these aircraft, their seating configuration, weight-saving tactics, and baggage process have all contributed to the ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers.

Employees: 8,100

Industrials Air Transportation, Scheduled

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

294% more call options, than puts

Call options by funds: $2.46M | Put options by funds: $623K

44% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 39

10% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 29

2% more funds holding

Funds holding: 141 [Q1] → 144 (+3) [Q2]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]

50.96% less ownership

Funds ownership: 100.63% [Q1] → 49.67% (-50.96%) [Q2]

70% less capital invested

Capital invested by funds: $1.82B [Q1] → $551M (-$1.27B) [Q2]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$3

20%

downside

Avg. target

$4.86

30%

upside

High target

$7

87%

upside

8 analyst ratings

2 positive

25%

6 neutral

75%

0 negative

0%

Susquehanna Christopher Stathoulopoulos 65% 1-year accuracy 17 / 26 met price target	20%downside $3	Neutral Maintained	16 Aug 2024
Barclays Brandon Oglenski 56% 1-year accuracy 23 / 41 met price target	60%upside $6	Overweight Maintained	12 Aug 2024
Deutsche Bank Michael Linenberg 42% 1-year accuracy 5 / 12 met price target	7%upside $4	Hold Maintained	9 Aug 2024
Citigroup Stephen Trent 62% 1-year accuracy 13 / 21 met price target	43%upside $5.35	Neutral Maintained	17 Jul 2024
TD Cowen Helane Becker 37% 1-year accuracy 7 / 19 met price target	7%upside $4	Hold Maintained	17 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about ULCC published over the past 30 days

Frontier Airlines to Participate in the Morgan Stanley 12th Annual Laguna Conference

DENVER , Sept. 5, 2024 /PRNewswire/ -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced that Barry Biffle, CEO, will present at the Morgan Stanley 12th Annual Laguna Conference on Wednesday, September 11, 2024 at 1:25pm PDT.

Frontier Airlines to Participate in the Morgan Stanley 12th Annual Laguna Conference

Where are low-cost airlines cutting back now? New planes

JetBlue, Spirit and Frontier have said they will defer deliveries of dozens of new Airbus planes. Those deferrals come as many airlines are still short on deliveries of fuel-efficient jets and demand for new planes is strong.

Where are low-cost airlines cutting back now? New planes

Exciting New Benefit Introduced for FRONTIER Airlines World Mastercard® Cardmembers: Free Checked Bags!

Marks Latest Enhancement to the Airline Credit Card Named Money.com's 'Best for Budget Travel' in 2024 DENVER , Aug. 15, 2024 /PRNewswire/ -- Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC), in partnership with Barclays US Consumer Bank, is launching an exciting new benefit for FRONTIER Airlines World Mastercard® cardmembers. Starting today, primary cardmembers will receive two free checked bags on all Frontier Airlines operated flights*.

Exciting New Benefit Introduced for FRONTIER Airlines World Mastercard® Cardmembers: Free Checked Bags!

Frontier Group Holdings, Inc. (ULCC) Q2 2024 Earnings Call Transcript

Frontier Group Holdings, Inc. (NASDAQ:ULCC ) Q2 2024 Earnings Conference Call August 8, 2024 12:00 PM ET Company Participants David Erdman - Senior Director, Investor Relations Barry Biffle - Chief Executive Officer Jimmy Dempsey - President Bobby Schroeter - Chief Commercial Officer Mark Mitchell - Chief Financial Officer Conference Call Participants John Dorsett - Barclays Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Stephen Trent - Citi Conor Cunningham - Melius Research Tom Fitzgerald - TD Cowen Andrew Didora - Bank of America Operator Good day. Thank you for standing by.

Frontier Group Holdings, Inc. (ULCC) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Frontier Group (ULCC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Frontier Group (ULCC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Frontier Group (ULCC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Frontier Group Holdings (ULCC) Q2 Earnings Surpass Estimates

Frontier Group Holdings (ULCC) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.31 per share a year ago.

Frontier Group Holdings (ULCC) Q2 Earnings Surpass Estimates

Frontier beats quarterly profit estimates, defers jet deliveries

Frontier Group , the parent of budget carrier Frontier Airlines, beat Wall Street estimates for second-quarter profit on Thursday, and said it will defer taking deliveries of 54 Airbus jets.

Frontier beats quarterly profit estimates, defers jet deliveries

Frontier Airlines Reports Second Quarter 2024 Financial Results

DENVER , Aug. 8, 2024 /PRNewswire/ -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the second quarter of 2024 and issued guidance for the third quarter and full-year 2024. Highlights: Total operating revenues were $973 million, 1 percent higher than the comparable 2023 quarter Achieved annual run rate cost savings of more than $100 million from the cost savings program launched in the third quarter of 2023 Cost per available seat mile ("CASM") was 8.98 cents, a reduction of 6 percent over the comparable 2023 quarter Adjusted CASM (excluding fuel), a non-GAAP measure, was 6.24 cents, on a 13 percent shorter average stage length; adjusted CASM (excluding fuel) on a stage-length adjusted basis to 1,000 miles, a non-GAAP measure, was 16 percent lower than the comparable 2023 quarter Pre-tax income and adjusted (non-GAAP) pre-tax income were each $32 million; pre-tax margin and adjusted (non-GAAP) pre-tax margin were each 3.3 percent Took delivery of six A321neo aircraft during the second quarter, increasing the proportion of the fleet comprised of the more fuel-efficient A320neo family aircraft to 80 percent as of June 30, 2024, the highest of all major U.S. carriers The Company's aircraft delivery schedule with Airbus was updated to defer 54 aircraft deliveries, with original delivery dates in 2025-2028 (based on the March 31, 2024 delivery schedule), out to 2029-2031 (refer to "Fleet" section for more detail) Frontier's fleet age is, on average, approximately 4 years, making it the youngest among all U.S.-based carriers Generated 104 available seat miles ("ASMs") per gallon, reaffirming Frontier's position as "America's Greenest Airline" as measured by fuel efficiency (ASMs per fuel gallon consumed during the second quarter; compared to all other major U.S. carriers) Opened bases in Cincinnati, Chicago and San Juan, bringing the total to 13, and reached targeted levels of scheduled out-and-back flying in June 2024, driving an improvement to on-time performance versus prior year Introduced 'The New Frontier,' a significant transformation in the Company's product and customer service offerings reflecting a commitment to deliver an exceptional value and superior travel experience to customers "Despite industry oversupply across the United States, we effectively navigated the quarter due in part to our network and revenue diversification, combined with our industry-leading and improving cost advantage," commented Barry Biffle, Chief Executive Officer.

Frontier Airlines Reports Second Quarter 2024 Financial Results

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Penny Stocks Growing Earnings Over 1,100% This Year

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Penny Stocks Growing Earnings Over 1,100% This Year

Zacks Investment Research

What Analyst Projections for Key Metrics Reveal About Frontier Group (ULCC) Q2 Earnings

Get a deeper insight into the potential performance of Frontier Group (ULCC) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

What Analyst Projections for Key Metrics Reveal About Frontier Group (ULCC) Q2 Earnings

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