Growth Metrics

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

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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
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