Frontier Group (NASDAQ:ULCC) Releases Q3 2026 Earnings Guidance

Frontier Group (NASDAQ:ULCC) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.100-0.100 for the period, compared to the consensus estimate of -0.240. The company issued revenue guidance of -. Frontier Group also updated its Q4 2026 guidance to 0.000-0.200 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group lifted their price objective on Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Barclays increased their price target on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Citigroup lifted their price target on shares of Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, Susquehanna upped their price objective on Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $6.86.

Frontier Group Trading Up 4.7%

ULCC traded up $0.31 during trading on Thursday, hitting $6.81. 2,521,554 shares of the company’s stock were exchanged, compared to its average volume of 4,721,167. Frontier Group has a 1 year low of $3.02 and a 1 year high of $8.40. The stock has a 50 day moving average price of $6.50 and a 200 day moving average price of $5.17. The firm has a market cap of $1.56 billion, a P/E ratio of -4.26 and a beta of 2.56. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 1.75.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Wednesday, July 29th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. The business 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 business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.31) EPS. 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, analysts expect that Frontier Group will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Trevor J. Stedke sold 83,110 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $5.41, for a total transaction of $449,625.10. Following the sale, the vice president directly owned 167,277 shares in the company, valued at approximately $904,968.57. This trade represents a 33.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Josh A. Wetzel sold 13,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $4.75, for a total value of $64,125.00. Following the sale, the chief accounting officer owned 12,061 shares in the company, valued at approximately $57,289.75. The trade was a 52.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,811,670 shares of company stock valued at $84,843,756 over the last ninety days. Insiders own 48.00% of the company’s stock.

Frontier Group News Roundup

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

A number of large investors have recently added to or reduced their stakes in ULCC. Dimensional Fund Advisors LP increased its stake in 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 shares of Frontier Group by 39.2% during the third 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 in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Frontier Group by 48.4% during the third 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 during the last quarter. Geode Capital Management LLC increased its position in shares of 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 last quarter. Finally, Par Capital Management Inc. lifted its stake in shares of Frontier Group by 1.2% in 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 in the last quarter.

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.