Frontier Group Holdings (ULCC) Debt to Equity (2020 - 2026)

Frontier Group Holdings (ULCC) reported Debt to Equity of $2.63 for Q1 2026, up 195.24% on a YoY basis from $0.89 in Q1 2025, and up 110.0% quarter-over-quarter from $1.25 in Q4 2025.

Frontier Group Holdings (ULCC) Debt to Equity (2020 - 2026) Analysis & Trends

Frontier Group Holdings has reported Debt to Equity for 7 years, with the latest figure at $2.63 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity rose 195.24% year-over-year to $2.63; the trailing twelve-month figure through Mar 2026 stood at $2.63 (up 195.24% YoY), and the FY2025 full-year result was $1.25, up 50.46% from the prior year.
  • Debt to Equity for Q1 2026 stood at $2.63, up from $1.25 in the prior quarter.
  • The five-year high for Debt to Equity was $2.63 in Q1 2026, with the low at $0.76 in Q2 2023.
  • Historically, Debt to Equity has averaged $1.05 across 5 years, with a median of $0.89 in 2025.
  • Annual changes were most pronounced in 2022 — Debt to Equity slumped 46.45% — and 2026, when it soared 195.24%.
  • Frontier Group Holdings' Debt to Equity stood at $0.84 in 2022, then grew by 9.99% to $0.93 in 2023, then declined by 10.34% to $0.83 in 2024, then soared by 50.46% to $1.25 in 2025, then surged by 110.0% to $2.63 in 2026.
  • The last three Debt to Equity figures came in at $2.63 (Q1 2026), $1.25 (Q4 2025), and $1.54 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn 0.13
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 0.70
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn -
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 0.78
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn 0.71
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 1.43
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 0.88
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - -
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn 4.66
10 Frontier Group Holdings 1.65 Bn 879.80 Mn 724.00 Mn 2.63

Historic Data

Download Data
DateValue
Mar 31, 2026 2.63
Dec 31, 2025 1.25
Sep 30, 2025 1.54
Jun 30, 2025 1.11
Mar 31, 2025 0.89
Dec 31, 2024 0.83
Sep 30, 2024 0.85
Jun 30, 2024 0.87
Mar 31, 2024 0.96
Dec 31, 2023 0.93
Sep 30, 2023 0.90
Jun 30, 2023 0.76
Mar 31, 2023 0.88
Dec 31, 2022 0.84
Sep 30, 2022 0.90
Jun 30, 2022 0.88
Mar 31, 2022 0.86
Dec 31, 2021 0.78
Sep 30, 2021 0.63
Jun 30, 2021 0.66