Frontier Group (NASDAQ:ULCC) Updates Q1 2026 Earnings Guidance

Frontier Group (NASDAQ:ULCC) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.440–0.260 for the period, compared to the consensus EPS estimate of -0.300. The company issued revenue guidance of -. Frontier Group also updated its FY 2026 guidance to -0.400-0.500 EPS.

Frontier Group Stock Performance

Shares of NASDAQ:ULCC traded down $0.02 during midday trading on Wednesday, hitting $5.94. The stock had a trading volume of 643,757 shares, compared to its average volume of 3,452,640. Frontier Group has a 1 year low of $2.89 and a 1 year high of $9.63. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $5.17 and a two-hundred day moving average price of $4.67. The company has a market capitalization of $1.36 billion, a PE ratio of -9.74 and a beta of 2.55.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.During the same quarter last year, the firm earned $0.23 EPS. Frontier Group’s quarterly revenue was down .5% on a year-over-year basis. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. As a group, equities analysts predict that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ULCC shares. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research report on Tuesday. Morgan Stanley reduced their price objective on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, December 8th. Susquehanna boosted their target price on Frontier Group from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Bank of America reaffirmed an “underperform” rating and set a $4.00 price target (down previously from $5.00) on shares of Frontier Group in a research note on Tuesday, January 6th. Finally, UBS Group reissued a “neutral” rating and issued a $6.00 price objective (up from $4.00) on shares of Frontier Group in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Frontier Group has an average rating of “Reduce” and an average price target of $6.13.

Insider Activity

In related news, CEO Barry Biffle sold 82,627 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $5.78, for a total value of $477,584.06. Following the transaction, the chief executive officer directly owned 631,836 shares of the company’s stock, valued at approximately $3,652,012.08. This trade represents a 11.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the transaction, the senior vice president directly owned 94,926 shares in the company, valued at $569,556. This represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 310,000 shares of company stock worth $1,700,444 over the last ninety days. 48.00% of the stock is owned by corporate insiders.

Frontier Group News Summary

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

• Positive Sentiment: Quarterly earnings beat: Frontier reported $0.23 EPS vs. $0.10 consensus, showing stronger profitability than expected which supports the rally in investor sentiment. Read More.
• Positive Sentiment: Strong quarter and liquidity/guidance highlights: Q4 revenue ~$997M, positive net income of $53M ($0.23/share), CASM ex‑fuel improvement and year‑end liquidity of ~$874M (including revolver expansion) — all of which reduce near‑term financing risk. Read More.
• Positive Sentiment: Board governance: Frontier added an independent director, improving board depth and oversight — a modest corporate‑governance positive for investors. Read More.
• Neutral Sentiment: Fleet optimization agreement with AerCap: Frontier disclosed a non‑binding deal to return 24 A320neos early and structure 10 future sale‑leasebacks — this could lower capital intensity and raise cash via sale‑leasebacks, but the non‑binding nature and potential capacity changes make the near‑term impact unclear. Read More.
• Neutral Sentiment: Mixed analyst coverage: Recent notes vary (downgrades and holds alongside neutral coverage), leaving consensus sentiment around “hold” with an average target near $6.38 — keeps upside limited absent new catalysts. Read More.
• Neutral Sentiment: Short‑interest data noisy: Recent short‑interest reporting showed anomalous/zero values, making it unhelpful for gauging short pressure or squeeze risk right now. (Data appears unreliable.)
• Negative Sentiment: Deutsche Bank downgrade: Deutsche Bank cut ULCC from Buy to Hold with a $6 target, removing a positive analyst catalyst and adding selling pressure. Read More.
• Negative Sentiment: Negative press narrative: A MarketWatch piece argued Frontier’s run may be stalling, which can amplify cautious positioning by investors and algos. Read More.
• Negative Sentiment: Insider sale: SVP Steve Schuller sold 5,000 shares at ~$6.00; while not large in dollar terms, insider sales can be perceived negatively in a weak sentiment environment. Read More.

Hedge Funds Weigh In On Frontier Group

A number of hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontier Group in the 3rd quarter worth about $27,000. Brooklyn Investment Group increased its stake in shares of Frontier Group by 490.7% in the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after purchasing an additional 9,078 shares during the period. Numerai GP LLC bought a new stake in shares of Frontier Group during the third quarter valued at approximately $61,000. AQR Capital Management LLC boosted its position in shares of Frontier Group by 46.0% during the first quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock worth $81,000 after buying an additional 5,913 shares during the period. Finally, IHT Wealth Management LLC bought a new position in Frontier Group in the 2nd quarter worth approximately $87,000.

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.