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| 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 |