Earnings Releases·Oct 28, 2026, 8:00 AM ET

Frontier Group Holdings, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 total operating revenue surged 53% year-over-year to $1.355 billion, with RASM rising 30% to 11.87 cents, while adjusted net income turned positive at $40 million compared to a $77 million loss in the prior year.
Full-year 2026 adjusted net loss narrowed significantly to $50 million from $190 million in the prior year, driven by strong demand despite a 56% increase in fuel costs to $3.96 per gallon.
Q4 2026 guidance projects adjusted diluted EPS between $(0.15) and $0.05, capacity growth of 5% to 6%, and RASM growth exceeding 20% year-over-year.
Strategic fleet adjustments include the early return of 13 A320neo leases and the direct lease of 10 A321neo aircraft, with five deliveries scheduled for Q4 2026 and five for Q1 2027.
Liquidity ended the quarter at $1.18 billion, and the company maintains a fleet of 164 Airbus single-aisle aircraft while managing risks from elevated fuel prices and supply chain concentration.