Frontier Group Holdings, Inc.

Frontier Airlines, a subsidiary of Frontier Group Holdings, has extended its Credit Card Affinity Agreement with Barclays Bank Delaware through a Seventh Amendment. The agreement, which allows Frontier Miles loyalty program members to earn travel miles, is now extended from December 31, 2029, to June 30, 2037. This amendment also enhances net compensation for Frontier and includes better-than-anticipated pre-paid consideration. Additionally, the aggregate maximum for Frontier's pre-purchased miles facility has increased from $200 million to $375 million, with its term also extended to June 30, 2037.

Andrew Broderick announced his resignation from the Board of Directors of Frontier Group Holdings, Inc., effective June 15, 2026, with no disagreements cited. Concurrently, the Board appointed Barron Steele as a Class II director, effective the same date, to fill the vacancy. Mr. Steele will serve on the Finance Committee and Safety & Security Committee and will receive $100,000 in annual cash compensation and an initial restricted stock unit award valued at $160,000.

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.

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.