Frontier Group Holdings (ULCC) Free Cash Flow (2020 - 2026)
Frontier Group Holdings' Free Cash Flow came in at $138 million for Q2 2026, compared with -$166 million a year earlier and up 392.9% from the prior quarter.
Frontier Group Holdings (ULCC) Free Cash Flow (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Frontier Group Holdings reported Free Cash Flow of -$164 million; for FY2025, it was -$600 million.
- Going back by year, Free Cash Flow was -$158 million in FY2024, -$312 million in FY2023, -$119 million in FY2022 and $189 million in FY2021.
- The Q2 2026 figure represents the highest quarterly Free Cash Flow since Q2 2021.
- Business Quant data shows ULCC's Free Cash Flow at $28 million (Q1 2026), -$113 million (Q4 2025) and -$217 million (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | 2.20 Bn |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | 751.00 Mn |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | 166.00 Mn |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | 699.79 Mn |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | 615.00 Mn |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | 1.79 Bn |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | 300.00 Mn |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | 195.66 Mn |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | 267.00 Mn |
| 10 | Frontier Group Holdings | 1.13 Bn | -1.83 Bn | - | 138.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 138.00 Mn |
| Mar 31, 2026 | 28.00 Mn |
| Dec 31, 2025 | -113.00 Mn |
| Sep 30, 2025 | -217.00 Mn |
| Jun 30, 2025 | -166.00 Mn |
| Mar 31, 2025 | -104.00 Mn |
| Dec 31, 2024 | 73.00 Mn |
| Sep 30, 2024 | -170.00 Mn |
| Jun 30, 2024 | -22.00 Mn |
| Mar 31, 2024 | -39.00 Mn |
| Dec 31, 2023 | -68.00 Mn |
| Sep 30, 2023 | -187.00 Mn |
| Jun 30, 2023 | -21.00 Mn |
| Mar 31, 2023 | -36.00 Mn |
| Dec 31, 2022 | 84.00 Mn |
| Sep 30, 2022 | -122.00 Mn |
| Jun 30, 2022 | 13.00 Mn |
| Mar 31, 2022 | -94.00 Mn |
| Dec 31, 2021 | 113.00 Mn |
| Sep 30, 2021 | -154.00 Mn |
Frontier Group Holdings Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=ULCC&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "ULCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=ULCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();