Frontier Group Holdings (ULCC) Operating Expenses (2020 - 2026)
Frontier Group Holdings' (ULCC) quarterly Operating Expenses came in at $1.4 billion in Q2 2026, up 37.05% on a YoY basis from $1.0 billion in Q2 2025, and up 7.92% quarter-over-quarter from $1.3 billion in Q1 2026.
Analysis
Frontier Group Holdings (ULCC) Operating Expenses (2020 - 2026) Analysis & Trends
Frontier Group Holdings (ULCC) has reported Operating Expenses for 7 consecutive years, with $1.4 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 37.05% year-over-year to $1.4 billion; the trailing twelve-month figure through Jun 2026 stood at $4.6 billion (up 18.96% YoY), and the FY2025 full-year result was $3.9 billion, up 4.2% from the prior year.
- Operating Expenses climbed to $1.4 billion in Q2 2026 per ULCC's latest filing, from $1.3 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.4 billion in Q2 2026 and bottomed at $758.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $955.8 million across 5 years, with a median of $926.5 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 108.82% in 2022, then declined 2.24% in 2024.
- Over 5 years, 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 soared by 45.15% to $1.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.4 billion, $1.3 billion, and $948.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 17.89 Bn |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | 4.43 Bn |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 8.15 Bn |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 967.68 Mn |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 4.23 Bn |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 946.92 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | 1.41 Bn |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | 922.38 Mn |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | 2.84 Bn |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | 1.38 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.38 Bn |
| 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 |