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Frontier Group Holdings (ULCC)

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Earnings summaries and quarterly performance for Frontier Group Holdings.

Research analysts who have asked questions during Frontier Group Holdings earnings calls.

Recent press releases and 8-K filings for ULCC.

Frontier Group Holdings, Inc. Announces CEO Transition and Reiterates Q4 2025 Guidance
ULCC
CEO Change
Management Change
Guidance Update
  • Barry L. Biffle has departed as Chief Executive Officer of Frontier Group Holdings, Inc., effective December 15, 2025, and will continue in an advisory capacity until December 31, 2025.
  • James G. Dempsey, the Company's President, has been appointed Interim Chief Executive Officer and principal executive officer, effective December 15, 2025.
  • Frontier Group Holdings, Inc. reiterated its guidance for the fourth quarter of 2025, expecting results to align with the guidance previously announced on November 5, 2025.
Dec 15, 2025, 9:05 PM
Frontier Group Holdings Announces CEO Transition and Reiterates Q4 2025 Guidance
ULCC
CEO Change
Management Change
Guidance Update
  • James G. Dempsey has been appointed Interim Chief Executive Officer of Frontier Group Holdings, Inc., effective December 15, 2025.
  • Barry L. Biffle, the current Chief Executive Officer, will remain with the company in an advisory capacity until December 31, 2025.
  • Frontier reiterated its Fourth Quarter 2025 guidance, expecting results to be in line with the guidance previously announced on November 5, 2025.
Dec 15, 2025, 9:05 PM
Spirit Airlines Secures $100M Bankruptcy Funding Amid Restructuring
ULCC
Debt Issuance
Legal Proceedings
  • Spirit Airlines has secured a $100 million funding boost through an amendment to its debtor-in-possession (DIP) credit agreement.
  • $50 million of this funding is immediately accessible, with the remaining $50 million contingent on meeting future restructuring milestones.
  • This funding follows recent labor agreements, including an $85 million annual cost reduction negotiated by the Pilot Union (ALPA) through an 8% cut to hourly rates.
  • As part of its broader cost-cutting initiative, Spirit has exited 14 airports and rejected leases for over 80 aircraft.
  • Spirit Airlines confirmed that flights, ticket sales, and day-to-day operations continue uninterrupted during its Chapter 11 restructuring.
Dec 15, 2025, 2:36 PM
Frontier Group Holdings Reports Q3 2025 Results and Q4 2025 Guidance
ULCC
Earnings
Guidance Update
Product Launch
  • Frontier Group Holdings reported a net loss of $77 million and a net loss per share of $0.34 for Q3 2025, with total revenue of $886 million. Revenue per passenger rose to $106, up 1% from the prior year, supported by an 81% load factor.
  • The company expects Q4 2025 adjusted earnings between $0.04 and $0.20 per diluted share, with capacity projected to be roughly flat year-over-year.
  • Competitive seat capacity is projected to decline by two percentage points in Q4, including significant reductions by Spirit Airlines, which is exiting 36 overlapping routes and reducing frequencies by 30% across 41 others in December.
  • Loyalty program initiatives generated approximately $7.50 in revenue per passenger in Q3, an increase of more than 40% year-over-year, and the company plans to roll out first-class seating by spring.
  • Frontier ended Q3 2025 with $691 million in total liquidity and expects 10 aircraft deliveries in Q4.
Nov 5, 2025, 9:30 PM
Frontier Group Holdings Reports Third Quarter 2025 Financial Results
ULCC
Earnings
Guidance Update
Demand Weakening
  • Frontier Group Holdings reported a net loss of $77 million and $(0.34) diluted earnings per share for the third quarter of 2025, with total revenue of $886 million.
  • Total operating expenses for Q3 2025 were $963 million, resulting in a cost per available seat mile (CASM) of 9.95 cents.
  • The company ended the third quarter of 2025 with $691 million of total liquidity and issued a $105 million par value note in the fourth quarter.
  • For the fourth quarter of 2025, Frontier anticipates adjusted diluted earnings per share between $0.04 and $0.20, with capacity growth expected to be roughly flat compared to the prior year quarter.
Nov 5, 2025, 9:02 PM
Frontier Group Holdings, Inc. Reports Q3 2025 Financial Results and Issues Q4 2025 Guidance
ULCC
Earnings
Guidance Update
Demand Weakening
  • Frontier Group Holdings, Inc. reported total revenue of $886 million and a net loss of $77 million, or $(0.34) per share, for the third quarter of 2025.
  • The company concluded the third quarter of 2025 with $691 million of total liquidity.
  • For the fourth quarter of 2025, the company expects adjusted diluted earnings per share to be between $0.04 and $0.20, with capacity growth projected to be roughly flat compared to the fourth quarter of 2024.
Nov 5, 2025, 9:01 PM
Volaris Reports October 2025 Traffic Results
ULCC
Demand Weakening
Revenue Acceleration/Inflection
  • Volaris reported its October 2025 preliminary traffic results, transporting 2.6 million passengers during the month.
  • The company's consolidated load factor decreased by 1.5 percentage points year-over-year to 85.9% in October 2025.
  • Available Seat Miles (ASM) capacity increased by 1.1%, while Revenue Passenger Miles (RPM) declined by 0.6% for October 2025.
  • Volaris's President and CEO, Enrique Beltranena, noted strong travel sentiment and sequential improvement, with domestic demand remaining healthy and cross-border market sales returning to levels similar to last year.
Nov 5, 2025, 2:00 PM
Verizon Reports 3Q 2025 Earnings and Reaffirms Full-Year Guidance
ULCC
Earnings
Guidance Update
Dividends
  • Verizon reported third-quarter 2025 EPS of $1.17 and adjusted EPS of $1.21, with total operating revenue reaching $33.8 billion, marking a 1.5 percent year-over-year increase.
  • The company's wireless service revenue grew to $21.0 billion in third-quarter 2025, up 2.1 percent year-over-year.
  • Cash flow from operating activities for the nine months ended September 30, 2025, increased to $28.0 billion, and free cash flow for the same period rose to $15.8 billion.
  • Verizon's total unsecured debt stood at $119.7 billion at the end of third-quarter 2025, compared to $126.4 billion at the end of third-quarter 2024.
  • The company reiterated its full-year 2025 financial guidance, expecting total wireless service revenue growth of 2.0 percent to 2.8 percent, adjusted EBITDA growth of 2.5 percent to 3.5 percent, and free cash flow of $19.5 billion to $20.5 billion.
Oct 29, 2025, 10:30 AM
Volaris Reports Third Quarter 2025 Financial Results
ULCC
Earnings
Guidance Update
  • Volaris reported net income of $6 million and total operating revenues of $784 million for the third quarter of 2025, marking a 4% decrease compared to 3Q 2024.
  • EBITDAR decreased by 16% to $264 million, resulting in an EBITDAR margin of 33.6%, a 5.1 percentage point decline from 3Q 2024.
  • As of September 30, 2025, Volaris held $794 million in total cash, cash equivalents, and short-term investments, and its net debt-to-LTM EBITDAR ratio stood at 3.1x.
  • For Q4 2025, Volaris expects an EBITDAR margin of approximately 36% and ASM growth of ~8% year-over-year. The company anticipates a full-year 2025 EBITDAR margin of 32% to 33% and ASM growth of ~7%.
Oct 27, 2025, 10:06 PM
Volaris Reports September 2025 Traffic Results
ULCC
Demand Weakening
Guidance Update
  • In September 2025, Volaris transported 2.376 million passengers.
  • The consolidated load factor for September 2025 decreased by 1.6 percentage points year-over-year to 83.4%.
  • Total Revenue Passenger Miles (RPMs) increased 1.0% and Available Seat Miles (ASMs) increased 2.9% in September 2025 compared to the previous year.
  • Volaris' President and CEO, Enrique Beltranena, stated that overall quarterly traffic performance aligned with plans and expressed cautious optimism for market conditions to improve toward year-end.
Oct 7, 2025, 1:00 PM