Frontier Group Holdings (ULCC) Cost of Revenue (2020 - 2023)

Frontier Group Holdings (ULCC) has reported Cost of Revenue for 4 consecutive years, with $21.0 million the latest figure, recorded in Q4 2023.

• For the quarter ending Q4 2023, Cost of Revenue fell 16.0% year-over-year to $21.0 million; the trailing twelve-month figure through Dec 2023 stood at $140.0 million (down 8.5% YoY), and the FY2023 full-year result was $140.0 million, down 8.5% from the prior year.
• Cost of Revenue declined to $21.0 million in Q4 2023 per ULCC's latest filing, from $40.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $53.0 million in Q2 2023 and bottomed at $13.0 million in Q3 2020.
• Historically, Cost of Revenue has averaged $30.2 million across 4 years, with a median of $25.5 million in 2020.
• The sharpest annual moves came in 2021 and 2022: Cost of Revenue slumped 51.43% in 2021, then soared 182.35% in 2022.
• Over 4 years, Cost of Revenue stood at $17.0 million in 2020, then soared by 141.18% to $41.0 million in 2021, then slumped by 39.02% to $25.0 million in 2022, then decreased by 16.0% to $21.0 million in 2023.
• According to Business Quant data, Cost of Revenue over the past three periods registered $21.0 million, $40.0 million, and $53.0 million for Q4 2023, Q3 2023, and Q2 2023 respectively.