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% on a YoY basis from 69.75% in Q4 2022, and up 2.28% quarter-over-quarter from 95.47% in Q3 2023.
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Frontier Group Holdings (ULCC) Gross Margin (2020 - 2023) Analysis & Trends
Frontier Group Holdings (ULCC) has reported Gross Margin for 4 consecutive years, with 97.64% the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Gross Margin rose 40.0% year-over-year to 97.64%; the trailing twelve-month figure through Dec 2023 stood at 96.1% (up 70.0% YoY), and the FY2023 full-year result was 96.1%, up 70.0% from the prior year.
- Gross Margin rose to 97.64% in Q4 2023 per ULCC's latest filing, 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.
- Historically, Gross Margin has averaged 94.61% across 4 years, with a median of 95.08% in 2020.
- The sharpest annual moves came in 2021 and 2022: Gross Margin surged 943 bps in 2021, then tumbled 166 bps in 2022.
- Over 4 years, 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.
- According to Business Quant data, Gross Margin over the past three periods registered 97.64%, 95.47%, and 94.52% for Q4 2023, Q3 2023, and Q2 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 96.52% |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | - |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 86.94% |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 97.11% |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 92.57% |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 91.70% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | - |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | 95.68% |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | 85.95% |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | - |
Historic Data
Download Data
Historic 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% |