Frontier Group Holdings (ULCC) Operating Expenses (2020 - 2026)
Frontier Group Holdings posted quarterly Operating Expenses of $1.3 billion for Q1 2026, up 33.09% year-on-year from $958.0 million in Q1 2025, and up 34.49% on a QoQ basis from $948.0 million in Q4 2025.
Frontier Group Holdings (ULCC) has 7 years of Operating Expenses data on file, last reported at $1.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 33.09% year-over-year to $1.3 billion; the trailing twelve-month figure through Mar 2026 stood at $4.2 billion (up 10.88% YoY), and the FY2025 full-year result was $3.9 billion, up 4.2% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.3 billion, 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.
- The 5-year median for Operating Expenses is $916.0 million (2024), against an average of $931.1 million.
- The widest annual swing landed in 2022, when Operating Expenses surged 108.82%; it then dropped 2.24% in 2024.
- A 5-year view of Operating Expenses shows it stood at $861.0 million in 2022, then climbed by 3.83% to $894.0 million in 2023, then gained by 7.05% to $957.0 million in 2024, then fell by 0.94% to $948.0 million in 2025, then soared by 34.49% to $1.3 billion in 2026.
- The last three Operating Expenses figures came in at $1.3 billion (Q1 2026), $948.0 million (Q4 2025), and $963.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 15.35 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 6.92 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 1.20 Bn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 791.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 3.58 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 889.49 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 753.30 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 2.46 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 651.33 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 1.28 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 363.00 Mn |
| Dec 31, 2020 | 451.00 Mn |
| Sep 30, 2020 | 326.00 Mn |
| Jun 30, 2020 | 188.00 Mn |
| Mar 31, 2020 | 650.00 Mn |