Frontier Group Holdings Inc (ULCC) financials
Frontier Group revenue and earnings by year
Frontier Group's revenue was $3.72 billion in the fiscal year to December 31, 2025, down 1.4% from the year before. Net income was -$137 million, -3.7% of revenue. Since the fiscal year to December 31, 2018, revenue has grown 8.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 8 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.72 | 3.78 | 3.59 | 3.33 | 2.06 | 1.25 | 2.51 | 2.16 |
| Revenue growth | -1.4% | 5.2% | 7.9% | 61.5% | 64.8% | -50.2% | 16.3% | — |
| Gross profit | 0.11 | 0.26 | 0.35 | 0.33 | -0.16 | -0.36 | 0.55 | 0.45 |
| Gross margin | 2.8% | 6.9% | 9.8% | 9.8% | -8.0% | -28.6% | 21.9% | 20.9% |
| Operating income | -0.15 | 0.06 | -0.00 | -0.05 | -0.12 | -0.37 | 0.31 | 0.09 |
| Operating margin | -4.0% | 1.5% | -0.1% | -1.4% | -5.7% | -29.2% | 12.3% | 4.3% |
| Net income | -0.14 | 0.09 | -0.01 | -0.04 | -0.10 | -0.23 | 0.25 | 0.08 |
| Net margin | -3.7% | 2.3% | -0.3% | -1.1% | -5.0% | -18.0% | 10.0% | 3.7% |
| Diluted EPS | -$0.60 | $0.37 | -$0.05 | -$0.17 | -$0.48 | -$1.13 | — | — |
| Free cash flow | -0.62 | -0.16 | -0.35 | -0.23 | 0.15 | -0.57 | 0.11 | 0.13 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ULCC in Markets.
How Frontier Group makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Aircraft Fare | $665M | 49.1% |
| Passenger Service Fees | $281M | 20.7% |
| Passenger Baggage | $239M | 17.6% |
| Passenger Seat Selection | $91.0M | 6.7% |
| Other Passenger Revenue | $51.0M | 3.8% |
| Product & Service Other | $28.0M | 2.1% |
See also: ULCC returns
No forecast, no recommendation. This page describes Frontier Group Holdings Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.