Filing Flows › Frontier Group Holdings (ULCC) › Q1 2026
Frontier Group Holdings (ULCC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Frontier Group Holdings (ULCC) reported revenue of $992M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -0.5% from the quarter before. Operating margin was -28.5%, net loss $272M (27.4% of revenue).
Frontier Group Holdings, Q1 2026: revenue $992M (+9% year over year), operating margin -28.5%, net loss $272M, operating cash flow $40.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $992M | -0.5% | +9% |
| Operating profit | −$283M | -678% | — |
| Net earnings | −$272M | -613% | — |
| Operating cash flow | $40.0M | — | — |
| Free cash flow | $28.0M | — | — |
What changed
Revenue was $992.0M in Q1 2026, up 9% year over year and down 1% from the previous quarter. Fare was the largest line at 45% of revenue. Fare added $99.0M year over year (up 28%), 124% of the total change. Service fees declined 27%.
Operating costs exceeded revenue by $283.0M, an operating margin of -28.5%. Total costs grew 33% against revenue growth of 9%. The fastest-growing cost line was Sales & marketing (+178%). The quarter ended with a net loss of $272.0M, after a profit of $53.0M the previous quarter.
Operating cash flow was $40.0M. Non-cash charges added back $62.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $245.0M. Capital expenditures of $12.0M left free cash flow of $28.0M.
Questions
What was Frontier Group Holdings' revenue in the first quarter 2026?
Frontier Group Holdings (ULCC) reported revenue of $992M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -0.5% from the quarter before.
Was Frontier Group Holdings profitable in the first quarter 2026?
Operating loss was $283M (-28.5% of revenue) and net loss $272M.