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Frontier Group Holdings (ULCC)
NASDAQ:ULCC
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.29Last Year’s EPS
-0.19Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a clear, actionable turnaround plan with quantifiable levers: fleet rightsizing, a $200M cost-savings target (including ~$90M rent savings), a moderated ~10% long-term growth target, strong loyalty and ancillary momentum (loyalty revenue +30% in Q4), and early RASM/unit revenue improvements (>10% trend). However, 2026 is a transition year with operational reliability issues to remediate, pilot labor negotiations unresolved, one-time redelivery costs to finalize, and timing risk for realizing full cost and utilization benefits (largely realized by 2027). Overall, the company presented tangible progress and concrete initiatives but with meaningful near-term execution and labor risks.Company Guidance
Fleet Rightsizing Agreement with AerCap
Nonbinding agreement to early terminate 24 aircraft leases (effective in Q2) with AerCap, plus intent for an additional ~10 sale-leasebacks; deal has no 2026 liquidity penalty and is expected to improve maintenance profile and fleet productivity over the next 3–5 years.
Revised Airbus Delivery Profile and Moderated Growth
Nonbinding framework with Airbus revising the delivery cadence to support a more measured long-term growth rate of approximately 10% (a meaningful moderation from prior mid/ high-teens and 20%+ historical growth).
Targeted Cost Savings of $200M by 2027 (including $90M Rent Savings)
Management is targeting $200 million of annual run-rate cost savings by 2027 from network optimization, productivity and other efficiencies, including approximately $90 million of expected annual rent savings from the early termination of the 24 leases.
RASM and Unit Revenue Improvement
Management reports RASM/unit revenue trends meaningfully improved, citing early-booking RASM improvement above 10% and overall unit revenue up '10%+' in the quarter (management view). Analysts flagged that achieving guidance midpoint may require high-single to double-digit RASM increases quarter-over-quarter.
Loyalty and Ancillary Momentum
Loyalty assets/cash flows performing strongly: third consecutive quarter of double-digit growth and Q4 loyalty revenue up over 30%. Ancillary attachment and conversions strengthened via product simplification and NDC distribution; UpFront Plus paid load factor noted >80%.
Stable End-Year Fleet Count and Delivery Cadence
Company will start and end 2026 with the same number of aircraft (176). 24 deliveries scheduled for 2026 (6 in Q1, 8 in Q2, 5 in Q3, 5 in Q4) and management expects end-2027 fleet similar to end-2026.
Improved Liquidity / PDP and Revolver Position
Deferred deliveries reduce PDP draw; management expects net PDP deposit returns leading to lower PDP balance at year-end of $170M–$210M. Revolver capacity backed by loyalty assets was increased, supported by strong loyalty cash flows.
Utilization Target to Improve Unit Costs
Target fleet utilization of ~11.5 block hours (management target) versus an average near ~9 hours after the fleet rightsizing step — implying an improvement in utilization of roughly +28% (11.5/9 ≈ 1.28) as the airline reintroduces productivity into the schedule by mid-2027.
ULCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ULCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $5.96 | $5.49 | -7.89% |
Nov 05, 2025 | $3.85 | $3.89 | +1.04% |
Aug 05, 2025 | $4.09 | $3.44 | -15.77% |
May 01, 2025 | $3.11 | $3.36 | +8.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Frontier Group Holdings (ULCC) report earnings?
Frontier Group Holdings (ULCC) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Frontier Group Holdings (ULCC) earnings time?
Frontier Group Holdings (ULCC) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ULCC EPS forecast?
ULCC EPS forecast for the fiscal quarter 2026 (Q1) is -0.29.