Frontier Group Holdings (ULCC) Gross Margin (2020 - 2023)
Frontier Group Holdings' (ULCC) quarterly Gross Margin came in at 97.64% in Q4 2023, up 40.0% YoY from 69.75% in Q4 2022, and up 2.28% on a QoQ basis from 95.47% in Q3 2023.
Frontier Group Holdings (ULCC) Gross Margin (2020 - 2023) Analysis & Trends
Frontier Group Holdings (ULCC) has 4 years of Gross Margin data on file, last reported at 97.64% in Q4 2023.
- Quarterly Gross Margin rose 40.0% year-over-year to 97.64% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 96.1% (up 70.0% YoY) and the FY2023 annual result came in at 96.1%, up 70.0% from the prior year.
- Gross Margin advanced to 97.64% in Q4 2023, from 95.47% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 97.64% in Q4 2023 to a low of 87.11% in Q2 2020.
- A 4-year average of 94.61% and a median of 95.08% in 2020 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin jumped 943 bps — and 2022, when it slumped 166 bps.
- Tracing ULCC's Gross Margin over 4 years: stood at 93.63% in 2020, then fell by 0 bps to 93.27% in 2021, then climbed by 4 bps to 97.24% in 2022, then grew by 0 bps to 97.64% in 2023.
- The last three Gross Margin figures came in at 97.64% (Q4 2023), 95.47% (Q3 2023), and 94.52% (Q2 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 96.52% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | - |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 86.94% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 97.11% |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 92.57% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 91.70% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 85.95% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 95.68% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | - |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 85.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 97.64% |
| Sep 30, 2023 | 95.47% |
| Jun 30, 2023 | 94.52% |
| Mar 31, 2023 | 96.93% |
| Dec 31, 2022 | 97.24% |
| Sep 30, 2022 | 95.47% |
| Jun 30, 2022 | 95.71% |
| Mar 31, 2022 | 92.07% |
| Dec 31, 2021 | 93.27% |
| Sep 30, 2021 | 96.19% |
| Jun 30, 2021 | 96.55% |
| Mar 31, 2021 | 93.73% |
| Dec 31, 2020 | 93.63% |
| Sep 30, 2020 | 94.69% |
| Jun 30, 2020 | 87.11% |
| Mar 31, 2020 | 93.57% |