Frontier Group Holdings, Inc. (NASDAQ: ULCC)

Frontier Group Holdings, Inc. is the parent company of Frontier Airlines, Inc., an ultra low cost carrier headquartered in Denver, Colorado. The airline provides scheduled passenger service throughout the United States and to select near international destinations in the Americas. As of December 31, 2025 it operated a fleet of 176 Airbus single aisle aircraft consisting of six A320ceos, 89 A320neos, 21 A321ceos and 60 A321neos. The business focuses on delivering low fares combined with a family friendly customer experience and a modern fleet.

Frontier Group Holdings, Inc. generates revenue primarily from passenger fares and ancillary services. Fare revenue includes the base ticket price plus taxes and government fees. Ancillary revenue comes from optional products such as carry on and checked baggage, advance seat selection, extra legroom seats, priority boarding, ticket changes and cancellations, and bundled service packages. The airline also earns revenue from its co branded credit card program, commissions on hotel and rental car bookings, and in flight sales of food, beverages and merchandise. In 2025 fare revenue per passenger was $44.60 and ancillary revenue per passenger was $67.57 resulting in total revenue per passenger of $112.17.

Frontier Group Holdings, Inc. competes as an ultra low cost carrier in the highly competitive United States airline market. Its main competitors include the legacy carriers American Airlines, Delta Air Lines, United Airlines and the low cost carrier Southwest Airlines, as well as Alaska Airlines, Hawaiian Airlines and JetBlue Airways. It also faces competition from other ultra low cost carriers such as Allegiant Travel Company, Spirit Airlines and Sun Country Airlines. The company’s competitive advantages stem from its low cost structure, fuel efficient fleet, and focus on delivering a family friendly travel experience at low fares. Its Airbus A320neo family aircraft provide the highest fuel efficiency among major U. S. carriers measured by available seat miles per fuel gallon consumed.

The airline’s customers are primarily leisure travelers seeking low fares, including families and individuals visiting friends and relatives. Its product also attracts price sensitive business travelers who value the low cost structure and optional service model. The carrier markets to a broad demographic through its digital channels, loyalty programs and targeted promotions.