Frontier Group Holdings (ULCC) Operating Margin (2020 - 2026)
Frontier Group Holdings' (ULCC) quarterly Operating Margin came in at 7.58% in Q2 2026, up 49.0% YoY from 5.09% in Q2 2025, and up 73.42% on a QoQ basis from 28.53% in Q1 2026.
Frontier Group Holdings (ULCC) Operating Margin (2020 - 2026) Analysis & Trends
Frontier Group Holdings (ULCC) has 7 years of Operating Margin data on file, last reported at 7.58% in Q2 2026.
- Quarterly Operating Margin rose 49.0% year-over-year to 7.58% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 9.82% (down 831.0% YoY) and the FY2025 annual result came in at 4.0%, down 554.0% from the prior year.
- Operating Margin climbed to 7.58% in Q2 2026, from 28.53% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 8.17% in Q2 2023 to a low of 28.53% in Q1 2026.
- A 5-year average of 3.45% and a median of 1.64% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin surged 2234 bps — and 2026, when it sank 2348 bps.
- Tracing ULCC's Operating Margin over 5 years: stood at 4.97% in 2022, then plunged by 107 bps to 0.34% in 2023, then soared by 1434 bps to 4.49% in 2024, then rose by 9 bps to 4.91% in 2025, then tumbled by 254 bps to 7.58% in 2026.
- The last three Operating Margin figures came in at 7.58% (Q2 2026), 28.53% (Q1 2026), and 4.91% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 9.43% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 12.63% |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 3.38% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 8.65% |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -4.13% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 14.13% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -5.23% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 2.24% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -7.58% |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 10.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -7.58% |
| Mar 31, 2026 | -28.53% |
| Dec 31, 2025 | 4.91% |
| Sep 30, 2025 | -8.69% |
| Jun 30, 2025 | -8.07% |
| Mar 31, 2025 | -5.04% |
| Dec 31, 2024 | 4.49% |
| Sep 30, 2024 | 2.03% |
| Jun 30, 2024 | 2.57% |
| Mar 31, 2024 | -3.58% |
| Dec 31, 2023 | -0.34% |
| Sep 30, 2023 | -6.12% |
| Jun 30, 2023 | 8.17% |
| Mar 31, 2023 | -2.95% |
| Dec 31, 2022 | 4.97% |
| Sep 30, 2022 | 6.18% |
| Jun 30, 2022 | 0.77% |
| Mar 31, 2022 | -25.29% |
| Dec 31, 2021 | -14.12% |
| Sep 30, 2021 | 6.83% |