Filing Flows › Frontier Group Holdings (ULCC) › Q3 2025
Frontier Group Holdings (ULCC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Frontier Group Holdings (ULCC) reported revenue of $886M for the third quarter 2025 (Q3 2025), -5% from a year earlier and -5% from the quarter before. Operating margin was -8.7%, net loss $77.0M (8.7% of revenue).
Frontier Group Holdings, Q3 2025: revenue $886M (-5% year over year), operating margin -8.7%, net loss $77.0M, operating cash flow −$215M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $886M | -5% | -5% |
| Operating profit | −$77.0M | — | — |
| Net earnings | −$77.0M | — | — |
| Operating cash flow | −$215M | — | — |
What changed
Revenue was $886.0M in Q3 2025, down 5% year over year and down 5% from the previous quarter. Fare was the largest line at 37% of revenue. Baggage lost $35.0M year over year (down 16%), 71% of the total change.
Operating costs exceeded revenue by $77.0M, an operating margin of -8.7%. Total costs grew 5% against a revenue fall of 5%. The quarter ended with a net loss of $77.0M, wider than the previous quarter's $70.0M loss.
Operating cash flow was −$215.0M. Non-cash charges added back $24.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $167.0M. Capital expenditures of $2.0M exceeded it, leaving free cash flow of −$217.0M.
Questions
What was Frontier Group Holdings' revenue in the third quarter 2025?
Frontier Group Holdings (ULCC) reported revenue of $886M for the third quarter 2025 (Q3 2025), -5% from a year earlier and -5% from the quarter before.
Was Frontier Group Holdings profitable in the third quarter 2025?
Operating loss was $77.0M (-8.7% of revenue) and net loss $77.0M.