Frontier Group Holdings (ULCC) Cost of Revenue (2020 - 2023)
Frontier Group Holdings' (ULCC) quarterly Cost of Revenue came in at $21.0 million in Q4 2023, down 16.0% YoY from $25.0 million in Q4 2022, and down 47.5% on a QoQ basis from $40.0 million in Q3 2023.
Frontier Group Holdings (ULCC) Cost of Revenue (2020 - 2023) Analysis & Trends
Frontier Group Holdings (ULCC) has 4 years of Cost of Revenue data on file, last reported at $21.0 million in Q4 2023.
- Quarterly Cost of Revenue fell 16.0% year-over-year to $21.0 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was $140.0 million (down 8.5% YoY) and the FY2023 annual result came in at $140.0 million, down 8.5% from the prior year.
- Cost of Revenue retreated to $21.0 million in Q4 2023, from $40.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $53.0 million in Q2 2023 to a low of $13.0 million in Q3 2020.
- A 4-year average of $30.2 million and a median of $25.5 million in 2020 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2021 — Cost of Revenue sank 51.43% — and 2022, when it surged 182.35%.
- Tracing ULCC's Cost of Revenue over 4 years: stood at $17.0 million in 2020, then jumped by 141.18% to $41.0 million in 2021, then plunged by 39.02% to $25.0 million in 2022, then fell by 16.0% to $21.0 million in 2023.
- The last three Cost of Revenue figures came in at $21.0 million (Q4 2023), $40.0 million (Q3 2023), and $53.0 million (Q2 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 688.00 Mn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | - |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 1.10 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 30.59 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 302.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 91.51 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 379.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 40.72 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | - |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 83.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 21.00 Mn |
| Dec 31, 2023 | 21.00 Mn |
| Sep 30, 2023 | 40.00 Mn |
| Sep 30, 2023 | 40.00 Mn |
| Jun 30, 2023 | 53.00 Mn |
| Jun 30, 2023 | 53.00 Mn |
| Mar 31, 2023 | 26.00 Mn |
| Mar 31, 2023 | 26.00 Mn |
| Dec 31, 2022 | 25.00 Mn |
| Dec 31, 2022 | 25.00 Mn |
| Sep 30, 2022 | 41.00 Mn |
| Sep 30, 2022 | 41.00 Mn |
| Jun 30, 2022 | 39.00 Mn |
| Jun 30, 2022 | 39.00 Mn |
| Mar 31, 2022 | 48.00 Mn |
| Mar 31, 2022 | 48.00 Mn |
| Dec 31, 2021 | 41.00 Mn |
| Dec 31, 2021 | 41.00 Mn |
| Sep 30, 2021 | 24.00 Mn |
| Sep 30, 2021 | 24.00 Mn |