Frontier Group (NASDAQ:ULCC) Issues Q4 2026 Earnings Guidance

Frontier Group (NASDAQ:ULCC) updated its fourth quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.000-0.200 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of -. Frontier Group also updated its Q3 2026 guidance to -0.100-0.100 EPS.

Frontier Group Stock Up 4.7%

NASDAQ ULCC traded up $0.31 during trading on Thursday, reaching $6.81. 2,521,554 shares of the company’s stock traded hands, compared to its average volume of 4,721,167. Frontier Group has a 12-month low of $3.02 and a 12-month high of $8.40. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.49 and a quick ratio of 0.44. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -4.26 and a beta of 2.56. The company’s 50 day simple moving average is $6.50 and its two-hundred day simple moving average is $5.17.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The company’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the firm earned ($0.31) earnings per share. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. As a group, sell-side analysts forecast that Frontier Group will post -0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ULCC. Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Group in a research report on Tuesday, May 19th. Barclays raised their target price on shares of Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Citigroup upped their price target on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. UBS Group raised their price objective on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Five analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $6.86.

Insider Transactions at Frontier Group

In other Frontier Group news, SVP Alexandre Clerc sold 5,060 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $5.93, for a total value of $30,005.80. Following the sale, the senior vice president directly owned 47,698 shares of the company’s stock, valued at approximately $282,849.14. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Trevor J. Stedke sold 83,110 shares of Frontier Group stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $5.41, for a total value of $449,625.10. Following the transaction, the vice president owned 167,277 shares of the company’s stock, valued at $904,968.57. The trade was a 33.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,811,670 shares of company stock valued at $84,843,756 over the last quarter. Company insiders own 48.00% of the company’s stock.

More Frontier Group News

Here are the key news stories impacting Frontier Group this week:

• Positive Sentiment: Significant Q2 earnings and revenue beat: Frontier Airlines reported a record $1.28 billion–$1.3 billion in second-quarter revenue, up approximately 38% year over year and above the $1.22 billion analyst estimate. Adjusted EPS was a loss of $0.10, substantially better than the expected $0.47 loss and the year-ago loss of $0.31. Frontier Airlines Delivers Record Second Quarter 2026 Revenue
• Positive Sentiment: More favorable earnings guidance: Management expects third-quarter EPS between a $0.10 loss and $0.10 profit, compared with the consensus estimate of a $0.24 loss. Fourth-quarter EPS is projected at breakeven to $0.20, while capacity is expected to grow about 7%, signaling improving operating momentum. Frontier anticipates Q4 adjusted EPS and capacity growth
• Positive Sentiment: Operating metrics improved: Frontier said key performance measures strengthened during Q2 as its transformation plan took hold, supporting investor expectations for better profitability and execution. Frontier Group sees key metrics improve in Q2
• Neutral Sentiment: The company’s planned capacity increase could support revenue growth, but airline profitability will still depend on maintaining fares, load factors and cost control as additional seats enter the market.
• Negative Sentiment: Profitability remains a concern: Frontier still posted a quarterly loss, with a negative net margin and negative return on equity. The Q4 guidance midpoint of $0.10 EPS is modestly below the $0.13 analyst consensus, and full-year earnings are still expected to remain negative.

Institutional Investors Weigh In On Frontier Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Frontier Group by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock worth $17,860,000 after buying an additional 209,154 shares during the period. Bank of America Corp DE grew its stake in Frontier Group by 39.2% in the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock valued at $13,366,000 after acquiring an additional 852,798 shares during the period. Balyasny Asset Management L.P. increased its holdings in Frontier Group by 48.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock worth $9,723,000 after acquiring an additional 718,147 shares in the last quarter. Geode Capital Management LLC raised its position in Frontier Group by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,196,472 shares of the company’s stock worth $10,347,000 after acquiring an additional 8,946 shares during the period. Finally, Par Capital Management Inc. raised its position in Frontier Group by 1.2% during the second quarter. Par Capital Management Inc. now owns 2,181,100 shares of the company’s stock worth $7,917,000 after acquiring an additional 25,000 shares during the period.

About Frontier Group

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.