Frontier Group Holdings (ULCC) Operating Expenses (2020 - 2026)

Frontier Group Holdings (ULCC) posted Operating Expenses of $1.3 billion for Q1 2026, up 34.49% on a QoQ basis from $948.0 million in Q4 2025, and up 33.09% year-over-year from $958.0 million in Q1 2025.

Frontier Group Holdings (ULCC) Operating Expenses (2020 - 2026) Analysis & Trends

Frontier Group Holdings' Operating Expenses history runs 7 years deep, the most recent figure standing at $1.3 billion for Q1 2026.

  • Quarterly Operating Expenses rose 33.09% year-over-year to $1.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.2 billion (up 10.88% YoY) and the FY2025 annual result came in at $3.9 billion, up 4.2% from the prior year.
  • Operating Expenses was $1.3 billion for Q1 2026 at Frontier Group Holdings, up from $948.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.3 billion in Q1 2026 and bottomed at $758.0 million in Q1 2022.
  • A 5-year average of $931.1 million and a median of $916.0 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses surged 108.82% — and 2024, when it retreated 2.24%.
  • Frontier Group Holdings' Operating Expenses stood at $861.0 million in 2022, then grew by 3.83% to $894.0 million in 2023, then advanced by 7.05% to $957.0 million in 2024, then retreated by 0.94% to $948.0 million in 2025, then jumped by 34.49% to $1.3 billion in 2026.
  • Business Quant data shows ULCC's Operating Expenses at $1.3 billion in Q1 2026, $948.0 million in Q4 2025, and $963.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Latam Airlines 30,820.50 Bn 30,817.83 Bn 1.28 Mn -3.34 Bn
2 Ryanair Holdings 60.62 Bn 57.43 Bn - 4.33 Bn
3 Delta Air Lines 56.47 Bn 51.80 Bn 19.07 Bn 17.89 Bn
4 Southwest Airlines 22.19 Bn 18.40 Bn 7.33 Bn 8.15 Bn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.95 Bn 8.12 Bn - 958.00 Mn
6 Copa Holdings 5.72 Bn 4.39 Bn 713.71 Mn 753.30 Mn
7 Alaska Air 5.41 Bn 3.64 Bn 3.20 Bn 3.58 Bn
8 Skywest 4.36 Bn 3.75 Bn 1.01 Bn 946.92 Mn
9 Jetblue Airways 2.00 Bn 1.59 Bn 1.87 Bn 2.46 Bn
10 Frontier Group Holdings 1.40 Bn 625.26 Mn - 1.28 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.28 Bn
Dec 31, 2025 948.00 Mn
Sep 30, 2025 963.00 Mn
Jun 30, 2025 1.00 Bn
Mar 31, 2025 958.00 Mn
Dec 31, 2024 957.00 Mn
Sep 30, 2024 916.00 Mn
Jun 30, 2024 948.00 Mn
Mar 31, 2024 896.00 Mn
Dec 31, 2023 894.00 Mn
Sep 30, 2023 937.00 Mn
Jun 30, 2023 888.00 Mn
Mar 31, 2023 873.00 Mn
Dec 31, 2022 861.00 Mn
Sep 30, 2022 850.00 Mn
Jun 30, 2022 902.00 Mn
Mar 31, 2022 758.00 Mn
Dec 31, 2021 695.00 Mn
Sep 30, 2021 587.00 Mn
Jun 30, 2021 532.00 Mn