Frontier Group Holdings (ULCC) Gross Margin (2020 - 2023)
Frontier Group Holdings (ULCC) posted Gross Margin of 97.64% for Q4 2023, up 2.28% on a QoQ basis from 95.47% in Q3 2023, and up 40.0% year-over-year from 69.75% in Q4 2022.
Frontier Group Holdings (ULCC) Gross Margin (2020 - 2023) Analysis & Trends
Frontier Group Holdings' Gross Margin history runs 4 years deep, the most recent figure standing at 97.64% for 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 was 97.64% for Q4 2023 at Frontier Group Holdings, up from 95.47% in the prior quarter.
- Across five years, Gross Margin topped out at 97.64% in Q4 2023 and bottomed at 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 sank 166 bps.
- Frontier Group Holdings' Gross Margin stood at 93.63% in 2020, then decreased by 0 bps to 93.27% in 2021, then increased by 4 bps to 97.24% in 2022, then rose by 0 bps to 97.64% in 2023.
- Business Quant data shows ULCC's Gross Margin at 97.64% in Q4 2023, 95.47% in Q3 2023, and 94.52% in Q2 2023.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | 0.03% |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | - |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | 96.52% |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | 86.94% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | - |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | 74.12% |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | 97.00% |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | 91.70% |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | 83.66% |
| 10 | Frontier Group Holdings | 1.40 Bn | 625.26 Mn | - | - |
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% |