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Frontier Group Holdings vs Allegiant Travel: ULCC and ALGT compared
Frontier Group Holdings is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $962M for Allegiant Travel (Q3 2026). Allegiant Travel is growing faster (+71% against +53% a year earlier). Allegiant Travel is more profitable, with an operating margin of 1.1% against -8.0%.
Where the money goes: ULCC and ALGT
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.
Allegiant Travel (ALGT) · Q3 2026
Allegiant Travel, Q3 2026: revenue $962M (+71% year over year), operating margin 1.1%, net loss $15.2M, operating cash flow −$211M. The chart follows the revenue to costs, profit and cash.
| Frontier Group Holdings (ULCC) | Allegiant Travel (ALGT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.4B | $962M |
| Revenue growth, Y/Y | +53% | +71% |
| Operating margin | -8.0% | 1.1% |
| Net earnings | −$104M | −$15.2M |
| Net margin | -7.7% | -1.6% |
| Operating cash flow | −$41.0M | −$211M |
| Market value | $1.7B | $2.5B |
| P/E | — | 45.6× |
| Analysts’ mean target | $6.94 | $117.43 |
Where the revenue comes from
Frontier Group Holdings
- Passenger: $1.3B (98%)
- Other: $28.0M (2%)
Allegiant Travel
- Allegiant Air: $684M (71%)
- Sun Country Airlines: $278M (29%)
Questions
Which is bigger, Frontier Group Holdings or Allegiant Travel?
Frontier Group Holdings is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $962M for Allegiant Travel (Q3 2026).
Is Frontier Group Holdings or Allegiant Travel growing faster?
Allegiant Travel is growing faster (+71% against +53% a year earlier).
Which is more profitable, Frontier Group Holdings or Allegiant Travel?
Allegiant Travel is more profitable, with an operating margin of 1.1% against -8.0%.
More: Frontier Group Holdings earnings · how Frontier Group Holdings makes money · Allegiant Travel earnings · how Allegiant Travel makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.