ULCC · Frontier Group Holdings, Inc.

Track ULCC — free

$5.84 -0.07 (-1.18%) At close · Aug 28

Russell 2000 member Rebalance outlook locked

Market Cap

$1.34B

229.79M

Up next

Next earnings call

Oct 26, 2026 Est · unconfirmed · in 8 wks

FQ3-26 quarter ends

~Sep 30, 2026 Est

Latest filing: 10-Q

filed Jul 29, 2026

AI Brief

TL;DR.

Bullish

Bearish

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Ask ALVIS about this →

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Neutral Momentum Strong Sentiment Bullish Fundamentals Weak Quant / Vol Very High

Market backdrop VIX 14.4 · calm Equity put/call 0.39

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg +12%

above

Price vs 50-day avg −14%

below

RSI (14) 40

neutral

MACD trend Negative

52-week position 55%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Strong

1-month return −13%

trailing

6-month return +55%

trailing

YTD return +24%

this year

Relative strength +41%

vs S&P · 6-mo

Sentiment

smart money

Bullish

Trend (MA cross) No cross

50d $7 › 200d $5 — 50d above 200d

Institutional flow Accumulating

+10% holders QoQ · +45 funds added

Insider flow Distributing

Net -$87.1M over 90 days · 100% sells

Short interest Falling

10.10% of float · ▼ -1.2% MoM · 7.3 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

178 holders — near 3-yr high, broad support

Squeeze score 66

elevated · 0–100

Fundamentals

Weak

Revenue growth −1%

Y/Y

EPS growth −262%

Y/Y

Balance sheet $51.0M

net cash

Quant / Vol

risk profile

Very High

Volatility 78%

annualized · 1-yr

Max drawdown −52%

past year

ATR 6.0%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the 8-K filed Jul 29, 2026

Third Quarter 2026

Capacity growth (compared to corresponding 2025 quarter) Initiated 17% – 18%

Fourth Quarter 2026

Capacity growth (compared to corresponding 2025 quarter) Initiated 7%

Prior guidance period ended · from the 8-K filed May 5, 2026

Capacity growth (compared to 2Q 2025) · Second Quarter 2026 6% – 8%

Average fuel cost (including fuel taxes and into-plane costs) · second quarter 2026 $4

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

2 · 4 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+12% Bullish

Price vs 50-day avg

−14% Bearish

RSI (14)

40 Neutral

MACD trend

Negative Bearish

52-week position

55% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bullish · 3 of 6

Trend (MA cross) No cross

50d $7 › 200d $5 — 50d above 200d

Institutional flow Accumulating

+10% holders QoQ · +45 funds added

Insider flow Distributing

Net -$87.1M over 90 days · 100% sells

Short interest Falling

10.10% of float · ▼ -1.2% MoM · 7.3 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

178 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $3 Now $6 · 55% Range high $8

vs 200-day avg +12% vs 50-day avg -14%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted (non-GAAP) CASM non-GAAP	7.42	second quarter of 2026	—

Adjusted CASM (excluding fuel) (¢) non-GAAP	7.84	Three Months Ended June 30, 2026	—

Adjusted CASM (¢) non-GAAP	11.77	Three Months Ended June 30, 2026	—

Adjusted CASM + net interest (¢) non-GAAP	11.74	Three Months Ended June 30, 2026	—

Adjusted CASM + net interest, stage-length adjusted to 1,000 miles (¢) non-GAAP	11.12	Three Months Ended June 30, 2026	—

Adjusted fare revenue per passenger ($) non-GAAP	$63.04	Three Months Ended June 30, 2026	—

Adjusted income (loss) before income taxes non-GAAP	-$24M	Three Months Ended June 30, 2026	—

GAAP → non-GAAP reconciliation GAAP Income (loss) before income taxes, as reported -$94M +$70M Pre-tax impact = Adjusted income (loss) before income taxes -$24M
Adjusted net income (loss) non-GAAP	-$22M	Three Months Ended June 30, 2026	—

GAAP → non-GAAP reconciliation GAAP Net income (loss), as reported -$90M +$70M Early Return Agreement (pre-tax) -$2M Tax benefit (expense), related to non-GAAP adjustments = Adjusted net income (loss) -$22M
Adjusted non-fare passenger revenue per passenger ($) non-GAAP	$63.87	Three Months Ended June 30, 2026	—

Adjusted other revenue per passenger ($) non-GAAP	$4.55	Three Months Ended June 30, 2026	—

Adjusted RASM (¢) non-GAAP	11.52	Three Months Ended June 30, 2026	—

Adjusted RASM, stage-length adjusted to 1,000 miles (¢) non-GAAP	10.91	Three Months Ended June 30, 2026	—

Adjusted total ancillary revenue per passenger ($) non-GAAP	$68.42	Three Months Ended June 30, 2026	—

Adjusted total revenue per passenger ($) non-GAAP	$131.46	Three Months Ended June 30, 2026	—

Aircraft – end of period	165	Three Months Ended June 30, 2026	—

ASMs	11.1B	second quarter of 2026	—
ASMs per gallon	106	second quarter of 2026	—
Available seat miles (“ASMs”) (millions)	11.1B	Three Months Ended June 30, 2026	—
Average aircraft in service	172	Three Months Ended June 30, 2026	—

Average daily aircraft utilization (hours)	9.7	Three Months Ended June 30, 2026	—

Average fuel cost	$4.17	second quarter of 2026	—
Average seats per departure	212	Three Months Ended June 30, 2026	—

Average stage length	897	second quarter of 2026	—

Block hours	151,888	Three Months Ended June 30, 2026	—

CASM	12.39	second quarter of 2026	—

CASM (excluding fuel) (¢) non-GAAP	8.46	Three Months Ended June 30, 2026	—

CASM + net interest (¢) non-GAAP	12.37	Three Months Ended June 30, 2026	—

Departures	58,271	Three Months Ended June 30, 2026	—

Fare revenue per passenger ($)	$63.04	Three Months Ended June 30, 2026	—

Flown load factor	80.3%	second quarter of 2026	—

Fuel cost per gallon ($)	$4.17	Three Months Ended June 30, 2026	—

Fuel gallons consumed (thousands)	104.79M	Three Months Ended June 30, 2026	—
Full-time equivalent employees	8,352	Three Months Ended June 30, 2026	—

Non-fare passenger revenue per passenger ($)	$63.87	Three Months Ended June 30, 2026	—

Other revenue per passenger ($)	$4.55	Three Months Ended June 30, 2026	—

Passengers (thousands)	9.73M	Three Months Ended June 30, 2026	—
RASM	11.52	second quarter of 2026	—
RASM, stage-length adjusted to 1,000 miles (¢)	10.91	Three Months Ended June 30, 2026	—

Revenue passenger miles (“RPMs”) (millions)	8.92B	Three Months Ended June 30, 2026	—
Total ancillary revenue per passenger ($)	$68.42	Three Months Ended June 30, 2026	—

Total fleet	165	as of June 30, 2026	—
Total liquidity	$1.16B	as of June 30, 2026	—
Total revenue per available seat mile (“RASM”) (¢)	11.52	Three Months Ended June 30, 2026	—

Total revenue per passenger ($)	$131.46	Three Months Ended June 30, 2026	—

Adjusted (Non-GAAP) RASM non-GAAP	10.86	Three Months Ended March 31, 2026	—
Adjusted (Non-GAAP) RASM, stage-length adjusted to 1,000 miles non-GAAP	10.29	Three Months Ended March 31, 2026	—
Adjusted EBITDA non-GAAP	-$46M	Three Months Ended March 31, 2026	—

GAAP → non-GAAP reconciliation GAAP EBITDA -$221M +$73M TSA Reserve +$102M Early Return Agreement = Adjusted EBITDA -$46M
Adjusted EBITDAR non-GAAP	$190M	Three Months Ended March 31, 2026	—

GAAP → non-GAAP reconciliation GAAP Adjusted EBITDA -$46M +$265M Aircraft rent -$29M Early Return Agreement = Adjusted EBITDAR $190M
Available seat miles (ASMs)	9.8B	first quarter of 2026	—

Average fuel cost per gallon non-GAAP	$2.88	first quarter of 2026	—
EBITDA	-$221M	Three Months Ended March 31, 2026	—
Fuel gallons consumed	92.96M	Three Months Ended March 31, 2026	—

Passengers	8.32M	Three Months Ended March 31, 2026	—

Revenue passenger miles (“RPMs”)	7.69B	Three Months Ended March 31, 2026	—

Total adjusted operating expenses excluding fuel non-GAAP	$868M	first quarter of 2026	—
Total adjusted operating expenses excluding fuel per ASM non-GAAP	8.85	first quarter of 2026	—
Total adjusted operating expenses per ASM non-GAAP	11.58	first quarter of 2026	—
Total operating expenses (excluding fuel)	$1.01B	Three Months Ended March 31, 2026	—
Adjusted CASM (excluding fuel), stage-length adjusted to 1,000 non-GAAP	7.1	Year Ended December 31, 2025	—
Adjusted CASM + net interest, stage-length adjusted to 1,000 non-GAAP	9.3	Year Ended December 31, 2025	—
Adjusted earnings per share, diluted non-GAAP	-$0.6	Year Ended December 31, 2025	—
Average daily aircraft utilization	8.6	Three Months Ended December 31, 2025	—
RASM on a stage adjusted basis to 1,000 miles	9.61	fourth quarter of 2025	—
Revenue per available seat mile (RASM)	10.17	fourth quarter of 2025	—
Stage adjusted to 1,000 miles, full-year 2025 adjusted CASM + net interest non-GAAP	9.3	full-year 2025	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Airlines — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
ULCC Frontier Group Holdings, Inc. this stock	$1.34B	+24.0%	-1.4%	—	10.1%
DAL Delta Air Lines, Inc.	$54.64B	+15.4%	+4.0%	13.8	3.4%
UAL United Airlines Holdings, Inc.	$35.90B	-1.1%	+3.2%	10.4	6.4%
RYAAY Ryanair Holdings PLC	$29.08B	-22.2%	—	—	0.5%
LUV Southwest Airlines Co	$19.45B	-4.1%	+3.7%	25.2	5.1%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

178

% held: 59.6%
Net QoQ: +10.1M sh
Top holder: Indigo Partners LLC

Held Float

View

Held by Funds

Fund positions

153

View

Short & Settlement

Short Interest Falling

Shares short

23.2M

Days to cover: 7.3d
Change: -286.9K sh

View

Short Volume

Short vol %

38%

As of: Aug 28, 2026

Short Total

View

Fails to Deliver

FTD shares

28.3K

Value: $176.1K
As of: Jul 29, 2026

View

Off-Exchange

Off-exchange %

45.5%

Week of: Jul 20, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$87.1M

Buyers / Sellers: 0 / 7

Buyers Sellers

View

Financials

Revenue (FY)

$3.7B

Net income (FY): $-137.0M
EPS diluted: $-0.60

View

Filings

SEC Filings

Latest

8-K

Filed: Jul 29, 2026
This year: 17

View

Proposed Sales

Value

$968.8K

Shares: 125.0K
Filed: Aug 5, 2026

View

Earnings & Events

Earnings Calls

Last call

Jul 29, 2026

View

Investor Relations

Performance

	5D	20D	120D	MTD	YTD
ULCC	-2.0%	-13.5%	+54.5%	-13.5%	+24.0%
SPY	+0.5%	+3.0%	+13.4%	+3.0%	+12.8%
vs SPY	-2.5%	-16.5%	+41.1%	-16.5%	+11.2%

Key facts CIK 1670076 CUSIP 35909R108 13F (30d) 149 filings 149 filers Visit website Investor relations

ULCC · Frontier Group Holdings, Inc.

Price & Indicators

Up next

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance