Frontier Group Q1 revenue misses, adjusted EPS beats estimates

Frontier group

05/05/2026 13:10

Overview

US low-cost carrier's Q1 operating revenue missed analyst expectations, adjusted EPS beat consensus

Adjusted net loss narrowed and beat analyst estimates, despite non-recurring charges

Company cited strong travel demand and record adjusted revenue, offset by higher fuel and fleet costs

Outlook

Frontier sees Q2 adjusted diluted loss per share of $(0.45) to $(0.60)

Company expects Q2 capacity growth of 6-8% versus Q2 2025

Frontier expects Q2 end liquidity between $900 mln and $950 mln

Result Drivers

STRONG TRAVEL DEMAND - Co said record adjusted revenue was underpinned by strong travel demand and higher load factors

HIGHER OPERATING COSTS - Co said adjusted operating expenses rose due to lower aircraft utilization and higher fleet-related costs against reduced capacity

ELEVATED FUEL PRICES - Co said fuel expense increased, but its fuel efficiency advantage helped mitigate the impact

Company press release: ID:nPn3s9TXBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating revenue
Miss
$992 mln
$1.03 bln (9 Analysts)
Q1 Adjusted EPS
Beat
-$0.30
-$0.35 (11 Analysts)
Q1 Adjusted Net Income
Beat
-$68 mln
-$82.06 mln (8 Analysts)
Q1 Net Income
-$272 mln
Q1 Adjusted Pretax Profit
Beat
-$69 mln
-$82.39 mln (7 Analysts)
Q1 Pretax Profit
-$281 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 9 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the airlines peer group is "buy."

Wall Street's median 12-month price target for Frontier Group Holdings Inc is $4.00, about 2.2% below its May 4 closing price of $4.09

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)