Frontier Group Holdings (ULCC) Free Cash Flow (2020 - 2026)
Frontier Group Holdings posted quarterly Free Cash Flow of $28.0 million for Q1 2026, up 126.92% year-on-year from $12.3 million in Q1 2025, and up 124.78% on a QoQ basis from -$113.0 million in Q4 2025.
Frontier Group Holdings (ULCC) has 7 years of Free Cash Flow data on file, last reported at $28.0 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow rose 126.92% year-over-year to $28.0 million; the trailing twelve-month figure through Mar 2026 stood at -$468.0 million (down 109.87% YoY), and the FY2025 full-year result was -$600.0 million, down 279.75% from the prior year.
- Free Cash Flow for Q1 2026 stood at $28.0 million, up from -$113.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $84.0 million in Q4 2022 and bottomed at -$217.0 million in Q3 2025.
- The 5-year median for Free Cash Flow is -$68.0 million (2023), against an average of -$68.3 million.
- The widest annual swing landed in 2024, when Free Cash Flow soared 207.35%; it then slumped 654.55% in 2025.
- A 5-year view of Free Cash Flow shows it stood at $84.0 million in 2022, then plunged by 180.95% to -$68.0 million in 2023, then jumped by 207.35% to $73.0 million in 2024, then plunged by 254.79% to -$113.0 million in 2025, then surged by 124.78% to $28.0 million in 2026.
- The last three Free Cash Flow figures came in at $28.0 million (Q1 2026), -$113.0 million (Q4 2025), and -$217.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 1.43 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 788.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 201.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 251.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 391.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 130.43 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -949.97 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -6.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 222.64 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 28.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.00 Mn |
| Mar 31, 2026 | 28.00 Mn |
| Dec 31, 2025 | -113.00 Mn |
| Dec 31, 2025 | -113.00 Mn |
| Sep 30, 2025 | -217.00 Mn |
| Sep 30, 2025 | -217.00 Mn |
| Jun 30, 2025 | -166.00 Mn |
| Jun 30, 2025 | -166.00 Mn |
| Mar 31, 2025 | -104.00 Mn |
| Mar 31, 2025 | -104.00 Mn |
| Dec 31, 2024 | 73.00 Mn |
| Dec 31, 2024 | 73.00 Mn |
| Sep 30, 2024 | -170.00 Mn |
| Sep 30, 2024 | -170.00 Mn |
| Jun 30, 2024 | -22.00 Mn |
| Jun 30, 2024 | -22.00 Mn |
| Mar 31, 2024 | -39.00 Mn |
| Mar 31, 2024 | -39.00 Mn |
| Dec 31, 2023 | -68.00 Mn |
| Dec 31, 2023 | -68.00 Mn |
| Sep 30, 2023 | -187.00 Mn |
| Sep 30, 2023 | -187.00 Mn |
| Jun 30, 2023 | -21.00 Mn |
| Jun 30, 2023 | -21.00 Mn |
| Mar 31, 2023 | -36.00 Mn |
| Mar 31, 2023 | -36.00 Mn |
| Dec 31, 2022 | 84.00 Mn |
| Dec 31, 2022 | 84.00 Mn |
| Sep 30, 2022 | -122.00 Mn |
| Sep 30, 2022 | -122.00 Mn |
| Jun 30, 2022 | 13.00 Mn |
| Jun 30, 2022 | 13.00 Mn |
| Mar 31, 2022 | -94.00 Mn |
| Mar 31, 2022 | -94.00 Mn |
| Dec 31, 2021 | 113.00 Mn |
| Dec 31, 2021 | 113.00 Mn |
| Sep 30, 2021 | -154.00 Mn |
| Sep 30, 2021 | -154.00 Mn |
| Jun 30, 2021 | 203.00 Mn |
| Jun 30, 2021 | 203.00 Mn |
| Mar 31, 2021 | 27.00 Mn |
| Mar 31, 2021 | 27.00 Mn |
| Dec 31, 2020 | -201.00 Mn |
| Dec 31, 2020 | -201.00 Mn |
| Sep 30, 2020 | -173.00 Mn |
| Sep 30, 2020 | -173.00 Mn |
| Jun 30, 2020 | -17.00 Mn |
| Jun 30, 2020 | -17.00 Mn |
| Mar 31, 2020 | -182.00 Mn |
| Mar 31, 2020 | -182.00 Mn |