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Frontier Group Holdings vs Republic Airways Holdings: ULCC and RJET compared
Frontier Group Holdings is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $554M for Republic Airways Holdings (Q3 2026). Frontier Group Holdings is growing faster (+53% against +34% a year earlier). Republic Airways Holdings is more profitable, with an operating margin of 11.4% against -8.0%.
Where the money goes: ULCC and RJET
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.
Republic Airways Holdings (RJET) · Q3 2026
Republic Airways Holdings, Q3 2026: revenue $554M (+34% year over year), operating margin 11.4%, net earnings $34.6M, operating cash flow $79.0M. The chart follows the revenue to costs, profit and cash.
| Frontier Group Holdings (ULCC) | Republic Airways Holdings (RJET) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.4B | $554M |
| Revenue growth, Y/Y | +53% | +34% |
| Operating margin | -8.0% | 11.4% |
| Net earnings | −$104M | $34.6M |
| Net margin | -7.7% | 6.3% |
| Operating cash flow | −$41.0M | $79.0M |
| Free cash flow | — | $50.3M |
| Market value | $1.7B | $933M |
| P/E | — | 7.8× |
| Analysts’ mean target | $6.94 | — |
Where the revenue comes from
Frontier Group Holdings
- Passenger: $1.3B (98%)
- Other: $28.0M (2%)
Questions
Which is bigger, Frontier Group Holdings or Republic Airways Holdings?
Frontier Group Holdings is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $554M for Republic Airways Holdings (Q3 2026).
Is Frontier Group Holdings or Republic Airways Holdings growing faster?
Frontier Group Holdings is growing faster (+53% against +34% a year earlier).
Which is more profitable, Frontier Group Holdings or Republic Airways Holdings?
Republic Airways Holdings is more profitable, with an operating margin of 11.4% against -8.0%.
More: Frontier Group Holdings earnings · how Frontier Group Holdings makes money · Republic Airways Holdings earnings · how Republic Airways Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.