Quarterly ResultMay 5, 2026, 08:08 AM
Frontier Airlines Q1 Adjusted Net Loss $68M; Revenue $1.1B, up 17%
AI Summary
Frontier Group Holdings, Inc. reported Q1 2026 financial results, with an adjusted net loss of $68 million, or $0.30 per share, which was favorable to guidance. The company achieved record adjusted revenue of nearly $1.1 billion, a 17% increase year-over-year, despite a 1% lower capacity. However, GAAP net loss was significantly higher at $272 million due to non-recurring charges related to early aircraft lease terminations and a TSA fee court ruling. Frontier also provided Q2 2026 guidance, anticipating an adjusted diluted loss per share between $(0.45) and $(0.60), and highlighted strategic fleet adjustments and increased liquidity.
Key Highlights
- Frontier Airlines reported Q1 2026 adjusted net loss of $68 million, or $0.30 per share, beating guidance.
- Adjusted total operating revenues were nearly $1.1 billion, an all-time record, up 17% year-over-year.
- Adjusted revenue per available seat mile (RASM), stage-length adjusted, was 10.29 cents, up 17% YoY.
- GAAP net loss was $272 million, or $1.18 per share, including $139 million for early lease termination and $73 million for TSA Reserve.
- Total liquidity stood at $974 million at the end of the first quarter, $100 million higher than year-end 2025.
- The company deferred delivery of 69 future Airbus A320 family aircraft and early terminated leases for 24 A320neo aircraft.
- Q2 2026 adjusted diluted loss per share guidance is $(0.45) to $(0.60), with capacity growth of 6% to 8%.
- Average fuel cost is estimated to be $4.25 per gallon in the second quarter of 2026.