Frontier Group Holdings, Inc. (ULCC)

Frontier Group Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,614	3,683	3,509	3,248	2,000	1,207
Other Revenue	115	92	80	78	60	43
Revenue	3,729	3,775	3,589	3,326	2,060	1,250
Revenue Growth (YoY)	1.77%	5.18%	7.91%	61.46%	64.80%	-50.16%
Cost of Revenue	3,573	3,516	3,237	2,999	2,224	1,607
Gross Profit	156	259	352	327	-164	-357
Selling, General & Admin	163	178	164	164	109	78
Other Operating Expenses	295	285	286	240	161	138
Operating Expenses	542	535	500	449	308	249
Operating Income	-386	-276	-148	-122	-472	-606
Interest Expense	-9	-4	-1	-10	-29	-12
Interest & Investment Income	27	32	36	10	2	5
EBT Excluding Unusual Items	-368	-248	-113	-122	-499	-613
Merger & Restructuring Charges	-	-	-1	-10	-	-
Gain (Loss) on Sale of Assets	233	294	147	87	60	48
Legal Settlements	-	40	-1	-	-	-
Other Unusual Items	-	-	-	-	295	193
Pretax Income	-135	86	32	-45	-144	-372
Income Tax Expense	1	1	43	-8	-42	-147
Net Income	-136	85	-11	-37	-102	-225
Preferred Dividends & Other Adjustments	1	1	-	-	-	-
Net Income to Common	-137	84	-11	-37	-102	-225
Shares Outstanding (Basic)	227	224	220	218	211	199
Shares Outstanding (Diluted)	227	226	220	218	211	199
Shares Change (YoY)	1.53%	2.90%	1.15%	2.92%	6.11%	-0.17%
EPS (Basic)	-0.60	0.37	-0.05	-0.17	-0.48	-1.13
EPS (Diluted)	-0.61	0.37	-0.05	-0.17	-0.48	-1.13
Free Cash Flow	-519	-158	-348	-230	153	-573
Free Cash Flow Per Share	-2.29	-0.70	-1.58	-1.06	0.72	-2.88
Gross Margin	4.18%	6.86%	9.81%	9.83%	-7.96%	-28.56%
Operating Margin	-10.35%	-7.31%	-4.12%	-3.67%	-22.91%	-48.48%
Profit Margin	-3.67%	2.23%	-0.31%	-1.11%	-4.95%	-18.00%
Free Cash Flow Margin	-13.92%	-4.18%	-9.70%	-6.92%	7.43%	-45.84%
EBITDA	-302	-204	-98	-77	-434	-573
EBITDA Margin	-8.10%	-5.40%	-2.73%	-2.31%	-21.07%	-45.84%
D&A For EBITDA	84	72	50	45	38	33
EBIT	-386	-276	-148	-122	-472	-606
EBIT Margin	-10.35%	-7.31%	-4.12%	-3.67%	-22.91%	-48.48%
Effective Tax Rate	-	1.16%	134.38%	-	-	-
Revenue as Reported	3,729	3,775	3,589	3,326	2,060	1,250
Advertising Expenses	-	7	5	9	7	4

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q