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

Key Points

• Q2 2026 EPS guidance set at -$0.60 to -$0.45 (vs. consensus -$0.61); Frontier also reported Q1 EPS of -$0.30 beating estimates and revenue of $1.07B, up 16.8% year‑over‑year.
• Analysts remain cautious (average rating "Reduce" with a $5.13 target); the company is still loss‑making with negative net margin and ROE and faces jet‑fuel cost pressure despite short‑term route opportunities from Spirit’s exit.

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

Frontier Group Trading Up 2.3%

NASDAQ ULCC opened at $4.09 on Tuesday. 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 firm has a market cap of $939.60 million, a price-to-earnings ratio of -6.70 and a beta of 2.41. The firm has a 50 day simple moving average of $3.84 and a 200-day simple moving average of $4.43. Frontier Group has a one year low of $3.02 and a one year high of $6.66.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.08. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Frontier Group had a negative net margin of 3.68% and a negative return on equity of 27.39%. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600--0.45 EPS. Equities research analysts anticipate that Frontier Group will post -1.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ULCC shares. Bank of America reiterated an "underperform" rating and issued a $4.00 target price (down from $5.00) on shares of Frontier Group in a report on Tuesday, January 6th. Wall Street Zen raised Frontier Group from a "strong sell" rating to a "sell" rating in a research report on Saturday. UBS Group lowered their price objective on Frontier Group from $6.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, March 16th. Susquehanna upped their target price on shares of Frontier Group from $4.00 to $5.00 and gave the stock a "neutral" rating in a research note on Friday, January 9th. Finally, Citigroup raised their target price on shares of Frontier Group from $3.50 to $4.90 and gave the company a "neutral" rating in a report on Monday. Five investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $5.13.

Insider Activity

In other news, SVP Steve Schuller sold 5,000 shares of the 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 owned 94,926 shares in the company, valued at approximately $569,556. This represents a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 48.00% of the company's stock.

Key Stories Impacting Frontier Group

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.

Hedge Funds Weigh In On Frontier Group

Several institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 5,913 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 worth $4,398,000 after acquiring an additional 251,509 shares during the period. Rhumbline Advisers boosted its holdings in shares of Frontier Group by 7.1% in the second quarter. Rhumbline Advisers now owns 117,984 shares of the company's stock valued at $428,000 after acquiring an additional 7,791 shares in the last quarter. Invesco Ltd. increased its stake in shares of Frontier Group by 35.1% during the second quarter. Invesco Ltd. now owns 108,806 shares of the company's stock worth $395,000 after acquiring an additional 28,256 shares during the period. Finally, First Trust Advisors LP purchased a new position in Frontier Group during the second quarter worth about $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.

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