Frontier Group (NASDAQ:ULCC) Updates Q2 2026 Earnings Guidance

Frontier Group (NASDAQ:ULCC) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of -0.600–0.45 for the period, compared to the consensus EPS estimate of -0.610. The company issued revenue guidance of -.

Frontier Group Stock Performance

Shares of ULCC stock opened at $4.09 on Tuesday. The stock has a fifty day moving average price of $3.84 and a 200 day moving average price of $4.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.41 and a current ratio of 0.46. The stock has a market cap of $939.60 million, a PE ratio of -6.70 and a beta of 2.41. Frontier Group has a 1 year low of $3.02 and a 1 year high of $6.66.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.08. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Frontier Group had a negative return on equity of 27.39% and a negative net margin of 3.68%.The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. Sell-side analysts forecast that Frontier Group will post -1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Frontier Group from a “strong sell” rating to a “sell” rating in a research report on Saturday. Barclays reissued an “underweight” rating and issued a $4.00 target price (down from $6.00) on shares of Frontier Group in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Tuesday, February 10th. Bank of America reiterated an “underperform” rating and issued a $4.00 price target (down from $5.00) on shares of Frontier Group in a report on Tuesday, January 6th. Finally, UBS Group dropped their target price on Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Five investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $5.13.

Insider Activity at Frontier Group

In other news, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the transaction, the senior vice president directly owned 94,926 shares of the company’s stock, valued at $569,556. The trade was a 5.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 48.00% of the stock is currently owned by company insiders.

Frontier Group News Summary

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

• Positive Sentiment: Industry disruption from Spirit’s shutdown creates short?term route/gate opportunities for Frontier and likely supports higher fares and market share for remaining carriers. JetBlue, Frontier shares rise as Spirit shutdown makes room for growth
• Positive Sentiment: Frontier reported Q1 2026 EPS of $0.23, beating consensus (~$0.10) and posted $997M in revenue (slightly above estimates), showing demand resilience. These beat elements are helping sentiment despite structural issues. Frontier Airlines Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Citigroup raised its price target on ULCC from $3.50 to $4.90 while keeping a “neutral” rating — a modest analyst support that implies upside but not a clear buy signal. Citigroup raises ULCC price target to $4.90
• Negative Sentiment: Management issued FY?2026 guidance that implies negative EPS (?$0.40 to ?$0.50) and Q1 guidance of ?$0.44 to ?$0.26, keeping the company on a loss-making trajectory and limiting upside from the quarterly beat. Frontier Airlines Reports First Quarter 2026 Financial Results
• Negative Sentiment: Jet fuel prices have jumped (geopolitical-driven), which pressures margins for low?cost carriers; rising fuel costs could erode the benefit of new market share and raise unit costs. Jet Fuel Prices Are Soaring. Airlines and Travelers Will Feel It.

Institutional Trading of Frontier Group

Several large investors have recently added to or reduced their stakes in ULCC. Dimensional Fund Advisors LP raised its holdings 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 valued at $17,860,000 after buying an additional 209,154 shares during the period. Bank of America Corp DE grew its holdings in Frontier Group by 39.2% during 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 purchasing an additional 852,798 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Frontier Group by 48.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock worth $9,723,000 after buying an additional 718,147 shares during the period. Geode Capital Management LLC lifted its holdings in Frontier Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,196,472 shares of the company’s stock worth $10,347,000 after buying an additional 8,946 shares in the last quarter. Finally, Par Capital Management Inc. boosted its position in Frontier Group by 1.2% in the 2nd quarter. Par Capital Management Inc. now owns 2,181,100 shares of the company’s stock valued at $7,917,000 after buying an additional 25,000 shares during 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.