Quarterly ResultMay 5, 2026, 08:12 AM
Frontier Q1 Net Loss $(272)M; Operating Loss $(283)M
AI Summary
Frontier Group Holdings, Inc. reported a net loss of $(272) million for Q1 2026, significantly wider than the $(43) million loss in Q1 2025, primarily due to increased operating expenses and charges from an Early Return Agreement. Operating revenues grew to $992 million, up from $912 million year-over-year. The company also recorded new liabilities totaling $77 million related to TSA audit assessments and faces a $133 million federal excise tax assessment.
Key Highlights
- Net loss widened to $(272) million in Q1 2026 from $(43) million in Q1 2025.
- Operating loss increased to $(283) million in Q1 2026 from $(46) million in Q1 2025.
- Total operating revenues rose to $992 million in Q1 2026 from $912 million in Q1 2025.
- Early Return Agreement resulted in $104 million in non-recurring non-cash charges.
- Additional $77 million liability recorded for TSA audit assessments.
- Federal excise tax assessment of $133 million is being contested.
- Cash and cash equivalents increased to $772 million from $671 million.
- Cash provided by operating activities was $40 million, up from $(86) million.