Frontier Group Holdings (ULCC) Gross Margin (2020 - 2026)
Frontier Group Holdings (ULCC) reported Gross Margin of 72.98% for Q1 2026, down 2142.0% on a YoY basis from 3.57% in Q1 2025, and down 52.75% quarter-over-quarter from 154.46% in Q4 2025.
Frontier Group Holdings (ULCC) Gross Margin (2020 - 2026) Analysis & Trends
Frontier Group Holdings has reported Gross Margin for 7 years, with the latest figure at 72.98% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 2142.0% year-over-year to 72.98%; the trailing twelve-month figure through Mar 2026 stood at 95.03% (down 1229.0% YoY), and the FY2025 full-year result was 95.73%, up 45.0% from the prior year.
- Gross Margin for Q1 2026 stood at 72.98%, down from 154.46% in the prior quarter.
- The five-year high for Gross Margin was 163.27% in Q4 2024, with the low at 14.79% in Q4 2022.
- Historically, Gross Margin has averaged 81.95% across 5 years, with a median of 92.07% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 8425 bps — and 2024, when it soared 17382 bps.
- Frontier Group Holdings' Gross Margin stood at 14.79% in 2022, then increased by 29 bps to 10.55% in 2023, then jumped by 1648 bps to 163.27% in 2024, then decreased by 5 bps to 154.46% in 2025, then plunged by 53 bps to 72.98% in 2026.
- The last three Gross Margin figures came in at 72.98% (Q1 2026), 154.46% (Q4 2025), and 73.59% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 52.58% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 95.80% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | -314.47% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 85.69% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 74.12% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 97.00% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 91.21% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | - |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | 83.66% |
| 10 | Frontier Group Holdings | 1.65 Bn | 879.80 Mn | 724.00 Mn | 72.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 72.98% |
| Dec 31, 2025 | 154.46% |
| Sep 30, 2025 | 73.59% |
| Jun 30, 2025 | 75.24% |
| Mar 31, 2025 | 94.41% |
| Dec 31, 2024 | 163.27% |
| Sep 30, 2024 | 72.09% |
| Jun 30, 2024 | 95.68% |
| Mar 31, 2024 | 69.60% |
| Dec 31, 2023 | -10.55% |
| Sep 30, 2023 | 94.56% |
| Jun 30, 2023 | 74.77% |
| Mar 31, 2023 | 94.69% |
| Dec 31, 2022 | -14.79% |
| Sep 30, 2022 | 95.36% |
| Jun 30, 2022 | 95.71% |
| Mar 31, 2022 | 92.07% |
| Dec 31, 2021 | 69.46% |
| Sep 30, 2021 | 94.76% |
| Jun 30, 2021 | 96.55% |