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

Frontier Group (NASDAQ:ULCC) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of -0.100-0.100 for the period, compared to the consensus EPS 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 Analysts Forecast Growth

Several equities analysts have commented on ULCC shares. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. UBS Group raised their price target on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Citigroup upped their target price 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. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Group in a report on Tuesday, May 19th. Finally, Susquehanna lifted their price target on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Frontier Group has an average rating of “Reduce” and an average target price of $6.86.

Frontier Group Stock Performance

ULCC stock traded up $0.44 during trading on Wednesday, reaching $6.67. 3,595,266 shares of the company’s stock were exchanged, compared to its average volume of 4,716,317. The firm has a market cap of $1.53 billion, a PE ratio of -4.18 and a beta of 2.56. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.75. Frontier Group has a 1-year low of $3.02 and a 1-year high of $8.40. The company’s fifty day moving average price is $6.46 and its 200-day moving average price is $5.16.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Wednesday, July 29th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.37. Frontier Group had a negative return on equity of 39.20% and a negative net margin of 9.62%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned ($0.31) earnings per share. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. 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. On average, research analysts expect that Frontier Group will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $7.20, for a total value of $84,240,000.00. Following the sale, the insider owned 22,706,526 shares of the company’s stock, valued at approximately $163,486,987.20. This represents a 34.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the sale, the senior vice president directly owned 97,175 shares in the company, valued at $583,050. This represents a 9.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,811,670 shares of company stock valued at $84,843,756. 48.00% of the stock is owned by corporate insiders.

Key Headlines Impacting Frontier Group

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

• Positive Sentiment: Large earnings beat: Frontier reported an adjusted loss of $0.10 per share, significantly narrower than the $0.47 loss analysts expected and improved from a $0.31 loss in the year-ago quarter. Frontier Group Holdings Reports Q2 Loss, Beats Revenue Estimates
• Positive Sentiment: Record revenue and strong demand: Second-quarter revenue reached approximately $1.28 billion, topping the $1.22 billion consensus estimate and rising 37.7% year over year. The revenue performance was driven by record quarterly sales and supports the view that travel demand remains resilient. Frontier Airlines Delivers Record Second Quarter 2026 Revenue
• Positive Sentiment: More favorable third-quarter outlook: Frontier guided to third-quarter EPS between a $0.10 loss and $0.10 profit, compared with the consensus estimate for a $0.24 loss. This implies a potentially faster improvement in profitability than Wall Street had anticipated.
• Neutral Sentiment: Fourth-quarter guidance indicates possible profitability: The company forecast EPS between breakeven and $0.20, versus analysts’ $0.13 estimate. Although the range includes the consensus forecast, the upper end suggests meaningful upside if operating conditions remain favorable.
• Negative Sentiment: Frontier remains unprofitable: Despite the earnings beat, the company posted a quarterly loss, along with a negative 9.62% net margin and negative 39.20% return on equity. Investors will likely focus on whether higher revenue can translate into sustained profits.

Institutional Trading of Frontier Group

A number of hedge funds and other institutional investors have recently modified their holdings of ULCC. AQR Capital Management LLC lifted its holdings in Frontier Group by 46.0% in the first quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock valued at $81,000 after buying an additional 5,913 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Frontier Group by 33.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock valued at $4,398,000 after acquiring an additional 251,509 shares during the period. Rhumbline Advisers boosted its stake in Frontier Group by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 117,984 shares of the company’s stock worth $428,000 after acquiring an additional 7,791 shares during the last quarter. Invesco Ltd. increased its stake in Frontier Group by 35.1% in the second quarter. Invesco Ltd. now owns 108,806 shares of the company’s stock valued at $395,000 after purchasing an additional 28,256 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Frontier Group in the 2nd quarter valued at $477,000.

Frontier Group Company Profile

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.