ULCC
Frontier Group Holdings, Inc.5.12
-0.65-11.2%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Details 10% growth split, RASM momentum.
Q&A detailed Frontier's 10% capacity growth as half network infilling on off-peak days like Tuesdays and half new markets, exploiting Spirit's cuts in places like Atlanta and Las Vegas. Management touted >10% RASM upticks in early Q1 bookings, driven by NDC rollout and basic-first bundles lifting yields and attachments. They aim for 11.5-hour daily utilization by summer 2027, resetting from last year's 9 hours. No pilot deal factors into the $200 million cost savings or full-year guide. Guidance spans transition timing risks. Fleet rightsizing adds no liquidity hit. Q&A mainly amplified the prepared reset plan. Watch utilization ramp and RASM durability.
Key Stats
Market Cap
1.17BP/E (TTM)
-Basic EPS (TTM)
-0.61Dividend Yield
0%Recent Filings
10-K
FY2025 results
Frontier delivered FY2025 results with $3.7B revenue, flat on FY2024 amid stable 39.8B ASMs, as 11% fleet growth to 176 aircraft offset 11% utilization drop to 9.2 hours/day. Q4 drove 2% y/y passenger growth to 78.4% load factor on 3% longer stages, yet total revenue per passenger fell 1% to $112.17 with ancillary per pax down 4% to $67.57; CASM ex-fuel climbed 10% to 7.41¢ on labor, rent and station inflation, despite 11% lower fuel at $2.47/gallon. Liquidity stood strong at $874M including $654M cash, bolstered by $105M EETC issuance and $441M sale-leasebacks. Fleet hits 176 aircraft. Fuel volatility threatens margins.
8-K
Q4 profit, fleet cuts planned
Frontier reported Q4 2025 revenue of $997 million on flat capacity, net income $53 million, and CASM down to 9.67 cents versus prior year. Fleet rightsizing targets $200 million annual savings by 2027 via returning 24 A320neos in Q2 2026 and deferring 69 Airbus deliveries. Q1 2026 adjusted loss per share $(0.26)–$(0.44); full-year $(0.40)–$0.50. Savings hinge on finalizing deals.
8-K
Appoints finance veteran Salcido
Frontier Group Holdings expanded its board from 11 to 12 directors, appointing Anthony D. Salcido as independent Class II director effective February 5, 2026. A former Toyota Motors North America Chief Accounting Officer and CPA, he joins the Audit and Safety & Security Committees. His financial expertise bolsters oversight. No related arrangements disclosed.
8-K
Dempsey named permanent CEO
Frontier Group Holdings appointed James G. Dempsey as permanent President and CEO, plus Class III director, effective January 7, 2026, after his interim role since December 15. Base salary rose to $747,000, target incentive to 125% of base, with $3.5M long-term equity and $1.75M promotion PSUs tied to four-year stock performance capped at $30/share. Company nudged Q4 2025 adjusted EPS guidance to the high end of $0.04-$0.20, beating shutdown headwinds. Leadership locks in now.
8-K
CEO transition announced
Frontier Group Holdings ousted CEO Barry Biffle effective December 15, 2025; he stays on as advisor until year-end, no disagreements noted. President James G. Dempsey steps in as interim CEO, retaining his prior role. Company holds Q4 2025 guidance steady. Leadership shift tests continuity amid airline volatility.
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