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

Frontier Group Holdings (ULCC) posted Cost of Revenue of $21.0 million for Q4 2023, down 47.5% on a QoQ basis from $40.0 million in Q3 2023, and down 16.0% year-over-year from $25.0 million in Q4 2022.

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

Frontier Group Holdings' Cost of Revenue history runs 4 years deep, the most recent figure standing at $21.0 million for 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 was $21.0 million for Q4 2023 at Frontier Group Holdings, down 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.
  • 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 plunged 51.43% — and 2022, when it surged 182.35%.
  • Frontier Group Holdings' 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.
  • Business Quant data shows ULCC's Cost of Revenue at $21.0 million in Q4 2023, $40.0 million in Q3 2023, and $53.0 million in Q2 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Latam Airlines 30,820.50 Bn 30,817.83 Bn 1.28 Mn 82.17 Mn
2 Ryanair Holdings 60.62 Bn 57.43 Bn - -
3 Delta Air Lines 56.47 Bn 51.80 Bn 19.07 Bn 688.00 Mn
4 Southwest Airlines 22.19 Bn 18.40 Bn 7.33 Bn 1.10 Bn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.95 Bn 8.12 Bn - -
6 Copa Holdings 5.72 Bn 4.39 Bn 713.71 Mn 249.18 Mn
7 Alaska Air 5.41 Bn 3.64 Bn 3.20 Bn 99.00 Mn
8 Skywest 4.36 Bn 3.75 Bn 1.01 Bn 91.51 Mn
9 Jetblue Airways 2.00 Bn 1.59 Bn 1.87 Bn 366.00 Mn
10 Frontier Group Holdings 1.40 Bn 625.26 Mn - -

Historic Data

Download Data
DateValue
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