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Complete financial analysis of Frontier Group Holdings, Inc. (ULCC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Frontier Group Holdings, Inc., a leading company in the Airlines, Airports & Air Services industry within the Industrials sector.
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Frontier Group Holdings, Inc. (ULCC)
About Frontier Group Holdings, Inc.
Frontier Group Holdings, Inc., a low-fare airline company, provides air transportation for passengers. The company operates an airline that serves approximately 120 airports throughout the United States and international destinations in the Americas. It offers its services through direct distribution channels, including its website, mobile app, and call center. As of December 31, 2021, the company had a fleet of 110 Airbus single-aisle aircraft comprising, 16 A320ceos, 73 A320neos, and 21 A321ceos. Frontier Group Holdings, Inc. was incorporated in 2013 and is headquartered in Denver, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.59B | 3.33B | 2.06B | 1.25B | 2.51B | 2.16B | 1.92B | 1.71B | 1.60B | 1.59B |
| Cost of Revenue | 3.24B | 3.04B | 2.26B | 1.64B | 2.01B | 1.78B | 1.58B | 1.19B | 1.13B | 1.17B |
| Gross Profit | 352.00M | 282.00M | -202.00M | -390.00M | 503.00M | 373.00M | 339.00M | 524.00M | 473.00M | 420.00M |
| Gross Profit Ratio | 9.81% | 8.48% | -9.81% | -31.20% | 20.06% | 17.30% | 17.67% | 30.57% | 29.49% | 26.37% |
| Research & Development | 0.00 | 7.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 164.00M | 164.00M | 109.00M | 78.00M | 130.00M | 110.00M | 0.00 | 72.00M | 79.00M | 87.00M |
| SG&A | 164.00M | 164.00M | 109.00M | 78.00M | 130.00M | 110.00M | 94.00M | 72.00M | 79.00M | 87.00M |
| Other Expenses | 191.00M | 153.00M | -194.00M | -103.00M | 64.00M | 171.00M | 0.00 | 135.00M | 118.00M | 105.00M |
| Operating Expenses | 305.00M | 317.00M | -85.00M | -25.00M | 194.00M | 281.00M | 94.00M | 207.00M | 197.00M | 192.00M |
| Cost & Expenses | 3.59B | 3.36B | 2.18B | 1.62B | 2.20B | 2.06B | 1.67B | 1.40B | 1.33B | 1.37B |
| Interest Income | 36.00M | 10.00M | 2.00M | 5.00M | 16.00M | 17.00M | 7.00M | 2.00M | 0.00 | 0.00 |
| Interest Expense | 1.00M | 10.00M | 29.00M | 12.00M | 11.00M | 4.00M | 10.00M | 3.00M | 5.00M | 4.00M |
| Depreciation & Amortization | 50.00M | 45.00M | 38.00M | 33.00M | 46.00M | 78.00M | 65.00M | 75.00M | 54.00M | 29.00M |
| EBITDA | 83.00M | 3.00M | -99.00M | -327.00M | 371.00M | 187.00M | 310.00M | 394.00M | 287.00M | 257.00M |
| EBITDA Ratio | 2.31% | -0.75% | -5.58% | -26.16% | 14.79% | 8.67% | 16.16% | 22.99% | 20.57% | 16.13% |
| Operating Income | -3.00M | -35.00M | -117.00M | -365.00M | 309.00M | 92.00M | 245.00M | 317.00M | 233.00M | 228.00M |
| Operating Income Ratio | -0.08% | -1.05% | -5.68% | -29.20% | 12.32% | 4.27% | 12.77% | 18.49% | 14.53% | 14.31% |
| Total Other Income/Expenses | 35.00M | 0.00 | -27.00M | -7.00M | 16.00M | 13.00M | 3.00M | -1.00M | -5.00M | -4.00M |
| Income Before Tax | 32.00M | -45.00M | -144.00M | -372.00M | 325.00M | 105.00M | 248.00M | 316.00M | 228.00M | 224.00M |
| Income Before Tax Ratio | 0.89% | -1.35% | -6.99% | -29.76% | 12.96% | 4.87% | 12.93% | 18.44% | 14.21% | 14.06% |
| Income Tax Expense | 43.00M | -8.00M | -42.00M | -147.00M | 74.00M | 25.00M | 86.00M | 116.00M | 82.00M | 84.00M |
| Net Income | -11.00M | -37.00M | -102.00M | -225.00M | 251.00M | 80.00M | 162.00M | 200.00M | 146.00M | 140.00M |
| Net Income Ratio | -0.31% | -1.11% | -4.95% | -18.00% | 10.01% | 3.71% | 8.45% | 11.67% | 9.10% | 8.79% |
| EPS | -0.05 | -0.17 | -0.47 | -1.05 | 1.10 | 0.37 | 0.75 | 0.93 | 0.68 | 0.65 |
| EPS Diluted | -0.05 | -0.17 | -0.47 | -1.05 | 1.10 | 0.37 | 0.75 | 0.93 | 0.68 | 0.65 |
| Weighted Avg Shares Out | 220.10M | 217.60M | 217.07M | 215.08M | 215.08M | 214.07M | 215.08M | 214.26M | 214.26M | 214.26M |
| Weighted Avg Shares Out (Dil) | 220.10M | 217.60M | 217.07M | 215.08M | 215.08M | 215.92M | 215.08M | 214.26M | 214.26M | 214.26M |
Frontier Airlines Reports Third Quarter 2024 Financial Results
DENVER , Oct. 29, 2024 /PRNewswire/ -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the third quarter of 2024 and issued guidance for the fourth quarter and full year 2024....
Frontier Communications asks shareholders to accept Verizon's takeover bid
Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon , saying that it had reviewed interest from other potential buyers and found the telecom giant's proposal as the most favorable option.
Frontier Files Investor Presentation Detailing Significant Financial Benefits of Proposed Acquisition by Verizon
DALLAS--(BUSINESS WIRE)--Frontier Communications Parent, Inc. (NASDAQ: FYBR) (“Frontier”) today posted on its investor relations website and filed with the Securities and Exchange Commission an investor presentation detailing the significant value the proposed acquisition by Verizon Communications Inc. (NYSE, NASDAQ: VZ)...
Spirit Airlines Stock Jumps on Report of Renewed Bid by Frontier
Spirit Airlines (SAVE) shares are surging nearly 20% in premarket trading Wednesday on a report that Frontier Airlines parent Frontier Group Holdings (ULCC) is in the early stages of a renewed bid for its rival discount carrier.
Glendon Capital Management Sends Letter to Frontier Communications Board of Directors Opposing Sale to Verizon for $38.50 Per Share
Will Vote Against Verizon Transaction at Current Price as it Significantly Undervalues Frontier's Assets and Earnings Trajectory Frontier's Board Relied on Fundamentally Flawed DCF and Peer Analysis Believes Frontier's Enterprise Value is at Least $26 Billion, 30% Higher than the...
Passengers sue Frontier Airlines after flight catches fire during landing in Las Vegas
Three passengers filed a lawsuit against Frontier Airlines, alleging they suffered injuries when a flight caught on fire while landing at a Las Vegas airport.
Frontier-Kemper Awarded $1.1 Billion Kensico-Eastview Connection Tunnel Project
LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Frontier-Kemper Constructors has been awarded a contract valued at approximately $1.1 billion by the New York City...
Spirit, Frontier Merger Talks Are Back On. But This Could Spoil Any Deal.
If the deal does happen, it would come about as part of Spirit restructuring its debt via a bankruptcy, The Wall Street Journal reported.
Frontier, Spirit Airlines Revive Merger Talks
The carriers have held early-stage deal discussions, as Spirit continues negotiations with bondholders over possible bankruptcy terms.
Frontier reportedly considering renewed merger talks with Spirit Airlines
More than two years after a merger deal fell apart, Frontier Airlines is considering another run at acquiring Spirit Airlines, the Wall Street Journal reported Tuesday night.
Source: https://incomestatements.info
Category: Stock Reports