Filing Flows › Frontier Group Holdings (ULCC) › Q2 2025
Frontier Group Holdings (ULCC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Frontier Group Holdings (ULCC) reported revenue of $929M for the second quarter 2025 (Q2 2025), -5% from a year earlier and +2% from the quarter before. Operating margin was -8.1%, net loss $70.0M (7.5% of revenue).
Frontier Group Holdings, Q2 2025: revenue $929M (-4% year over year), operating margin -8.1%, net loss $70.0M, operating cash flow −$133M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $929M | +2% | -5% |
| Operating profit | −$75.0M | — | — |
| Net earnings | −$70.0M | — | — |
| Operating cash flow | −$133M | — | — |
What changed
Revenue was $929.0M in Q2 2025, down 5% year over year and up 2% from the previous quarter. Fare was the largest line at 37% of revenue. Baggage lost $47.0M year over year (down 20%), 107% of the total change.
Operating costs exceeded revenue by $75.0M, an operating margin of -8.1%. Total costs grew 6% against a revenue fall of 5%. The fastest-growing cost line was Sales & marketing (+12%). The quarter ended with a net loss of $70.0M, wider than the previous quarter's $43.0M loss.
Operating cash flow was −$133.0M. Non-cash charges added back $21.0M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $90.0M. Capital expenditures of $33.0M exceeded it, leaving free cash flow of −$166.0M.
Questions
What was Frontier Group Holdings' revenue in the second quarter 2025?
Frontier Group Holdings (ULCC) reported revenue of $929M for the second quarter 2025 (Q2 2025), -5% from a year earlier and +2% from the quarter before.
Was Frontier Group Holdings profitable in the second quarter 2025?
Operating loss was $75.0M (-8.1% of revenue) and net loss $70.0M.