Frontier Group Holdings, Inc.
ir.flyfrontier.comWhat Do They Do?
Operates low-fare passenger flights for leisure travelers, families and price-sensitive business travelers across the United States and select destinations in the Americas.
10-K for FY2025, filed Feb 18, 2026Frontier Group Holdings, Inc. is the parent company of Frontier Airlines, Inc. (“Frontier” or “the Company”), an ultra low-cost carrier. We…View ↗
We provide low-fare passenger airline service primarily to leisure travelers. Our low fares are designed to stimulate demand from…View ↗
We believe our product appeals to price-sensitive customers because we give them the choice to pay only for the products and services they…View ↗
How Do They Make Money?
Passengers buy tickets and optional services such as baggage and seat selection before traveling; Frontier earns fares and transportation-related fees when the flight departs. Other revenue includes income from its co-branded card program and commissions on rental-car and hotel sales.
10-K for FY2025, filed Feb 18, 2026Fare revenues. Tickets sold in advance of the flight date are initially recorded as an air traffic liability on the Company’s consolidated…View ↗
Non-fare passenger revenues. Certain ancillary items such as service fees, baggage and seat selection deemed part of providing passenger…View ↗
Other revenues primarily consist of services not directly related to providing transportation, such as the advertising, marketing and brand…View ↗
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10-K for FY2025, filed Feb 18, 2026
FY2025 revenue by product or service ↗
$3.7B
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10-K for FY2025, filed Feb 18, 2026
$3.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Fare
Sold outright
10-K for FY2025, filed Feb 18, 2026 |
40%
FY2022: 42%
|
Fare, FY2025
$1.5B Sources
|
Sold outright |
|
Service fees
Sold outright
10-K for FY2025, filed Feb 18, 2026 |
25%
FY2022: 25%
|
Service fees, FY2025
$947M Sources
|
Sold outright |
|
Baggage
Sold outright
10-K for FY2025, filed Feb 18, 2026 |
20%
FY2022: 22%
|
Baggage, FY2025
$746M Sources
|
Sold outright |
|
Seat selection
Sold outright
|
8.0%
FY2022: 7.6%
|
Seat selection, FY2025
$297M Sources
|
Sold outright |
|
Other
|
3.4%
FY2022: 1.7%
|
Other, FY2025
$127M Sources
|
|
|
Other
|
3.4%
FY2022: 2.4%
|
Other, FY2025
$126M Sources
|
Who Are Their Customers?
Leisure travelers, families and price-conscious business travelers buy flights directly through Frontier’s website, app and contact centers, or through travel agents and online travel agencies.
10-K for FY2025, filed Feb 18, 2026We provide low-fare passenger airline service primarily to leisure travelers. Our low fares are designed to stimulate demand from…View ↗
We primarily sell our product through direct distribution channels, including via our website at www.flyfrontier.com, our mobile app and…View ↗
We also offer customers the ability to purchase tickets through third-party distribution channels, including travel agents using global…View ↗
We believe our product appeals to price-sensitive customers because we give them the choice to pay only for the products and services they…View ↗
Do Revenues Turn Into Profits?
No. It lost $137M in FY2025.
10-K for FY2025, filed Feb 18, 2026
−$149MView ↗
10-K for FY2025, filed Feb 18, 2026
−$137MView ↗
10-K for FY2025, filed Feb 18, 2026
−$600MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Oct 28, 2026
−$104MView ↗
- ▲ +35% (Loss)
- vs −$77M in Q3 FY2025
10-Q for Q3 FY2026, filed Oct 28, 2026
Open tableView ↗
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Jul 29, 2026
Frontier issued third-quarter revenue guidance
Frontier expects revenue earned per seat-mile flown to rise over 20 percent year over year in the third quarter.
Sources
8-K, filed Jul 29, 2026
“Our transformation plan is delivering meaningful results, reflecting our team’s relentless focus on execution. The strength of our second…View ↗
Growing. Revenue grew 81% in 4 years, from $2.1B in FY2021 to $3.7B in FY2025, about 16% a year.
New onboard options
The later report adds planned First Class seats and onboard Wi-Fi to the product plans, alongside the earlier report’s stretch seats, bundled options and all-you-can-fly pass.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 18, 2026We combine our low fares with flexible optional services for an additional cost. Such additional options include carry-on and checked…View ↗
optimizing fleet utilization and network efficiency by focusing on fleet deployment and network planning initiatives to maximize aircraft…View ↗
Broader business-traveler appeal
The earlier report describes low-fare airline service primarily for leisure travelers; the later report also says low fares attract business travelers and that Frontier has increased efforts to reach them.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 18, 2026We provide low-fare passenger airline service primarily to leisure travelers. Our low fares are designed to stimulate demand from…View ↗
We believe our product appeals to price-sensitive customers because we give them the choice to pay only for the products and services they…View ↗
Who Do They Compete With?
Competes with American Airlines, Delta Air Lines, United Airlines, Southwest Airlines, Alaska Airlines, Hawaiian Airlines, JetBlue Airways, Allegiant Travel, Spirit Airlines, Sun Country Airlines, Avelo Airlines, and Breeze Airways
10-K for FY2025, filed Feb 18, 2026Our principal competitors on domestic routes are American Airlines, Delta Air Lines, United Airlines and Southwest Airlines (which…View ↗
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