Frontier Group (ULCC)
Runs an ultra low-cost airline built around low fares, paid options, and Airbus commonality.
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Operates Frontier Airlines as a single passenger air transportation segment, selling low base fares plus paid optional services, loyalty programs, memberships, and card-related revenue. Flying is concentrated in the U.S. with select near-international routes across the Americas.
Operates through Frontier Airlines, a Denver-based ultra low-cost carrier with a single reportable segment: passenger air transportation. The core product is low-fare flying, with revenue also shaped by optional services, FRONTIER Miles, Discount Den, GoWild! passes, an affinity credit card program, and commissions.
The network is concentrated in the United States and extends to select near-international destinations in Mexico, the Caribbean, and Central America. Execution centers on a low-cost structure, high-density seating, a young all-Airbus single-aisle fleet, and a brand built around low fares.
The model depends on aircraft commonality, Airbus-family and engine support, competitive pricing and schedules, route breadth, customer service, safety record, and labor agreements across union-represented groups.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Barclays | Reiterate | Rating: —Target: $7 | Target: $5 |
| Jul 7, 2026 | Susquehanna | Reiterate | Rating: —Target: $4 | Target: $7 |
| Jun 23, 2026 | UBS | Reiterate | Rating: —Target: $6 | Target: $7 |
| Mar 2, 2026 | Barclays | Downgrade | ||
| Feb 10, 2026 | Deutsche Bank | Target | Target: $8 | Target: $6 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $955.0M · Total debt $5.24B · Total assets $7.24B · Shareholders' equity $136.0M
- Revenue
- $1.28B
- Operating income
- −$97.0M
- Net income
- −$90.0M
No dividends on record.
| Institutions | ≈ 59.22% | 136.34M shares | |
|---|---|---|---|
| 192 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 32.95% | 75.86M shares | |
| 22 holders · as of Sep 22, 2026 | |||
| Strategic holders | 9.86% | 22.71M shares | |
| 1 holder · as of Jul 13, 2026 | |||
| Adds to | 102.03% | ||
230.22M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 102.03%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
William A. FrankeInsiderdirector, 10 percent owner, other: Chair of the Board | 29.26% | 67.36M | filed May 18, 2026 |
Indigo Partners LLCInstitution | 13.94% | 32.09M | as of Jun 30, 2026 |
Wildcat Capital Management, LLCInstitution | 12.19% | 28.06M | as of Jun 30, 2026 |
Group Holdings - Frontier LLCStrategic10 percent owner | 9.86% | 22.71M | filed Jul 13, 2026 |
BlackRock, Inc.Institution | 2.59% | 5.97M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Steve Schuller | officer: SVP, Human Resources | −7,500 | $6.00 |
| Sep 4, 2026 | Alexandre Clerc | officer: SVP, Customers | −3,480 | $5.71 |
| Aug 4, 2026 | Trevor J. Stedke | officer: Sr. Vice President, Operations | −167,277 | $8.03 |
| Aug 4, 2026 | Josh A. Wetzel | officer: VP & CAO | −2,000 | $8.00 |
| Aug 4, 2026 | Howard Diamond | officer: EVP, Legal & Corporate Affairs | −24,195 | $8.25 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Frontier Group | $6.06 | −2.27% | $1.43B | — | — | 0.3 | +37.7% |
| Southwest Airlines | $41.43 | −1.54% | $20.59B | 25.8 | 10.8 | 0.7 | +16.4% |
| Allegiant Travel | $79.66 | −2.45% | $2.19B | 60.5 | 10.7 | 0.8 | +36.9% |
| American Airlines Group | $13.44 | −1.29% | $9.01B | — | 12.9 | 0.2 | +16.3% |
| United Airlines | $113.09 | −1.84% | $37.39B | 10.8 | 9.0 | 0.6 | +16.0% |
| Delta Air Lines | $82.73 | −1.42% | $55.19B | 13.9 | 10.8 | 0.8 | +18.7% |
| JetBlue | $4.44 | −2.42% | $1.72B | — | — | 0.2 | +14.5% |
| Alaska Air Group | $40.74 | −2.79% | $4.67B | — | 34.2 | 0.3 | +9.8% |
| Median | 19.9 | 10.8 | 0.6 | +16.3% |