Frontier Group Holdings (ULCC) Operating Leases (2020 - 2026)
Frontier Group Holdings' Operating Leases came in at $3.98 billion for Q2 2026, up 10.4% from $3.61 billion a year earlier and up 2.9% from the prior quarter.
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Analysis
Frontier Group Holdings (ULCC) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025, Frontier Group Holdings' Operating Leases was $4.07 billion, up 23.3% from FY2024.
- Operating Leases has increased in each of the last five years, with a five-year compound annual growth rate of 17.1% (FY2020 to FY2025).
- Going back by year, Operating Leases was $3.3 billion in FY2024 (+35.3%), $2.44 billion in FY2023 (+20.0%), $2.03 billion in FY2022 (+2.2%) and $1.99 billion in FY2021 (+7.7%).
- The five-year range for quarterly Operating Leases is $1.96 billion (Q1 2022) to $4.07 billion (Q4 2025).
- Year-over-year, Operating Leases has increased for 15 consecutive quarters, with growth averaging 23.5% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q1 2025 (growth of 40.3%), and the weakest in Q3 2022 (a decline of 3.9%).
- Business Quant data shows ULCC's Operating Leases at $3.87 billion (Q1 2026), $4.07 billion (Q4 2025) and $3.65 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 171.42 Bn | 165.95 Bn | - |
| 2 | Csx | 89.36 Bn | 85.57 Bn | - |
| 3 | United Parcel Service | 84.24 Bn | 61.13 Bn | - |
| 4 | Canadian Pacific Kansas City | 77.91 Bn | 76.92 Bn | - |
| 5 | Norfolk Southern | 73.43 Bn | 68.07 Bn | - |
| 6 | Fedex | 70.95 Bn | 36.90 Bn | - |
| 7 | Delta Air Lines | 51.34 Bn | 33.52 Bn | - |
| 8 | Old Dominion Freight Line | 39.27 Bn | 38.53 Bn | - |
| 9 | United Airlines Holdings | 32.92 Bn | -23.45 Bn | - |
| 10 | Frontier Group Holdings | 1.17 Bn | -1.79 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.98 Bn |
| Mar 31, 2026 | 3.87 Bn |
| Dec 31, 2025 | 4.07 Bn |
| Sep 30, 2025 | 3.65 Bn |
| Jun 30, 2025 | 3.61 Bn |
| Mar 31, 2025 | 3.60 Bn |
| Dec 31, 2024 | 3.30 Bn |
| Sep 30, 2024 | 3.13 Bn |
| Jun 30, 2024 | 3.02 Bn |
| Mar 31, 2024 | 2.57 Bn |
| Dec 31, 2023 | 2.44 Bn |
| Sep 30, 2023 | 2.32 Bn |
| Jun 30, 2023 | 2.16 Bn |
| Mar 31, 2023 | 2.15 Bn |
| Dec 31, 2022 | 2.03 Bn |
| Sep 30, 2022 | 1.97 Bn |
| Jun 30, 2022 | 1.96 Bn |
| Mar 31, 2022 | 1.96 Bn |
| Dec 31, 2021 | 1.99 Bn |
| Sep 30, 2021 | 2.05 Bn |
API Access
Frontier Group Holdings Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=ULCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "ULCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=ULCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();