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| 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 |