Frontier Group Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	3,598	3,683	3,509	3,248	2,000
Other Revenue	126	92	80	78	60
Revenue	3,724	3,775	3,589	3,326	2,060
Revenue Growth (YoY)	-1.35%	5.18%	7.91%	61.46%	64.80%
Cost of Revenue	3,619	3,516	3,237	2,999	2,224
Gross Profit	105	259	352	327	-164
Selling, General & Admin	159	178	164	164	109
Other Operating Expenses	4	285	286	240	161
Operating Expenses	254	535	500	449	308
Operating Income	-149	-276	-148	-122	-472
Interest Expense	-11	-4	-1	-10	-29
Interest & Investment Income	26	32	36	10	2
EBT Excluding Unusual Items	-134	-248	-113	-122	-499
Merger & Restructuring Charges	-	-	-1	-10	-
Gain (Loss) on Sale of Assets	-	294	147	87	60
Legal Settlements	-	40	-1	-	-
Other Unusual Items	-	-	-	-	295
Pretax Income	-134	86	32	-45	-144
Income Tax Expense	3	1	43	-8	-42
Net Income	-137	85	-11	-37	-102
Preferred Dividends & Other Adjustments	-	1	-	-	-
Net Income to Common	-137	84	-11	-37	-102
Shares Outstanding (Basic)	228	224	220	218	211
Shares Outstanding (Diluted)	228	226	220	218	211
Shares Change (YoY)	0.57%	2.90%	1.15%	2.92%	6.11%
EPS (Basic)	-0.60	0.37	-0.05	-0.17	-0.48
EPS (Diluted)	-0.60	0.37	-0.05	-0.17	-0.48
Free Cash Flow	-	-158	-348	-230	153
Free Cash Flow Per Share	-	-0.70	-1.58	-1.06	0.72
Gross Margin	2.82%	6.86%	9.81%	9.83%	-7.96%
Operating Margin	-4.00%	-7.31%	-4.12%	-3.67%	-22.91%
Profit Margin	-3.68%	2.23%	-0.31%	-1.11%	-4.95%
Free Cash Flow Margin	-	-4.18%	-9.70%	-6.92%	7.43%
EBITDA	-62.33	-204	-98	-77	-434
EBITDA Margin	-1.67%	-5.40%	-2.73%	-2.31%	-21.07%
D&A For EBITDA	86.67	72	50	45	38
EBIT	-149	-276	-148	-122	-472
EBIT Margin	-4.00%	-7.31%	-4.12%	-3.67%	-22.91%
Effective Tax Rate	-	1.16%	134.38%	-	-
Revenue as Reported	3,724	3,775	3,589	3,326	2,060
Advertising Expenses	-	7	5	9	7

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q