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% YoY from $1.0 billion in Q2 2025, and up 7.92% on a QoQ basis from $1.3 billion in Q1 2026.
Frontier Group Holdings (ULCC) Operating Expenses (2020 - 2026) Analysis & Trends
Frontier Group Holdings (ULCC) has 7 years of Operating Expenses data on file, last reported at $1.4 billion in Q2 2026.
- Quarterly Operating Expenses rose 37.05% year-over-year to $1.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.6 billion (up 18.96% YoY) and the FY2025 annual result came in at $3.9 billion, up 4.2% from the prior year.
- Operating Expenses rose to $1.4 billion in Q2 2026, from $1.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.4 billion in Q2 2026 to a low of $758.0 million in Q1 2022.
- A 5-year average of $955.8 million and a median of $926.5 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 108.82% — and 2024, when it dropped 2.24%.
- Tracing ULCC's Operating Expenses over 5 years: stood at $861.0 million in 2022, then advanced by 3.83% to $894.0 million in 2023, then rose by 7.05% to $957.0 million in 2024, then declined by 0.94% to $948.0 million in 2025, then jumped by 45.15% to $1.4 billion in 2026.
- The last three Operating Expenses figures came in at $1.4 billion (Q2 2026), $1.3 billion (Q1 2026), and $948.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 17.89 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 4.43 Bn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 8.15 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 967.68 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 4.23 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 946.92 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 2.84 Bn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 922.38 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 1.38 Bn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 512.40 Mn |
Historic Data
Download 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 |