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Jetblue Airways vs Frontier Group Holdings: JBLU and ULCC compared
Jetblue Airways is the larger company: $2.8B of revenue in its latest quarter (Q3 2026) against $1.4B for Frontier Group Holdings (Q3 2026). Frontier Group Holdings is growing faster (+53% against +21% a year earlier). Jetblue Airways is more profitable, with an operating margin of -5.1% against -8.0%.
Where the money goes: JBLU and ULCC
Jetblue Airways (JBLU) · Q3 2026
Jetblue Airways, Q3 2026: revenue $2.8B (+21% year over year), operating margin -5.1%, net loss $257M, operating cash flow −$238M. The chart follows the revenue to costs, profit and cash.
Frontier Group Holdings (ULCC) · Q3 2026
Frontier Group Holdings, Q3 2026: revenue $1.4B (+53% year over year), operating margin -8.0%, net loss $104M, operating cash flow −$41.0M. The chart follows the revenue to costs, profit and cash.
| Jetblue Airways (JBLU) | Frontier Group Holdings (ULCC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.8B | $1.4B |
| Revenue growth, Y/Y | +21% | +53% |
| Operating margin | -5.1% | -8.0% |
| Net earnings | −$257M | −$104M |
| Net margin | -9.1% | -7.7% |
| Operating cash flow | −$238M | −$41.0M |
| Market value | $1.4B | $1.7B |
| Analysts’ mean target | $4.27 | $6.94 |
Where the revenue comes from
Jetblue Airways
- Passenger: $2.6B (92%)
- Other: $212M (8%)
Frontier Group Holdings
- Passenger: $1.3B (98%)
- Other: $28.0M (2%)
Questions
Which is bigger, Jetblue Airways or Frontier Group Holdings?
Jetblue Airways is the larger company: $2.8B of revenue in its latest quarter (Q3 2026) against $1.4B for Frontier Group Holdings (Q3 2026).
Is Jetblue Airways or Frontier Group Holdings growing faster?
Frontier Group Holdings is growing faster (+53% against +21% a year earlier).
Which is more profitable, Jetblue Airways or Frontier Group Holdings?
Jetblue Airways is more profitable, with an operating margin of -5.1% against -8.0%.
More: Jetblue Airways earnings · how Jetblue Airways makes money · Frontier Group Holdings earnings · how Frontier Group Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 26, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.