Frontier Group Holdings (ULCC) Free Cash Flow (2020 - 2026)

Frontier Group Holdings (ULCC) reported Free Cash Flow of $28.0 million for Q1 2026, up 126.92% on a YoY basis from $12.3 million in Q1 2025, and up 124.78% quarter-over-quarter from -$113.0 million in Q4 2025.

Frontier Group Holdings (ULCC) Free Cash Flow (2020 - 2026) Analysis & Trends

Frontier Group Holdings has reported Free Cash Flow for 7 years, with the latest figure 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.
  • The five-year high for Free Cash Flow was $84.0 million in Q4 2022, with the low at -$217.0 million in Q3 2025.
  • Historically, Free Cash Flow has averaged -$68.3 million across 5 years, with a median of -$68.0 million in 2023.
  • Annual changes were most pronounced in 2024 — Free Cash Flow soared 207.35% — and 2025, when it plunged 654.55%.
  • Frontier Group Holdings' Free Cash Flow stood at $84.0 million in 2022, then sank by 180.95% to -$68.0 million in 2023, then soared by 207.35% to $73.0 million in 2024, then sank by 254.79% to -$113.0 million in 2025, then jumped 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 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn -
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 1.43 Bn
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 201.00 Mn
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 788.00 Mn
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn -949.97 Mn
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 391.00 Mn
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 130.43 Mn
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 251.00 Mn
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn -6.00 Mn
10 Frontier Group Holdings 1.65 Bn 879.80 Mn 724.00 Mn 28.00 Mn

Historic Data

Download Data
DateValue
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