Frontier Group Holdings, Inc. (ULCC): restructuring charge — Frontier defers 69 Airbus deliveries to 2031-33; terminates leases on 24 A320neos from AerCap

Frontier Group Holdings, Inc.

Delivery of 69 A320neo family aircraft delayed from 2027-2030 to 2031-2033.
Leases for 24 A320neo aircraft terminated; returned in Q2 2026; reduces operating lease assets/liabilities by ~$400M.
Non-cash charges of $125-175M expected in Q1-Q2 2026 from write-offs and accelerated depreciation.
Cash charges of $75-95M for early lease termination, mostly settled in 2028-2029.
AerCap also agreed to 10 sale-leaseback transactions for 2028-2029 deliveries.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Frontier Group Holdings, Inc. amended Amendment No. 20 to the A320 Family Aircraft Purchase Agreement with Airbus S.A.S. (effective 2026-03-11).

Action: amendment
Agreement: asset purchase
Counterparty: Airbus S.A.S.
Effective: 2026-03-11

Exact text from the filing

On March 11, 2026, Frontier Airlines, Inc. (“Frontier”), a wholly owned subsidiary of Frontier Group Holdings, Inc. (the “Company”), entered into Amendment No. 20 (the “Amendment”) to the A320 Family Aircraft Purchase Agreement, dated September 30, 2011, with Airbus S.A.S. (“Airbus”).

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Frontier Group Holdings, Inc. announced a restructuring with charges of $75 million to $95 million affecting A320neo aircraft fleet.

Type: restructuring
Charge: $75 million to $95 million
Affected area: A320neo aircraft fleet

Exact text from the filing

the Early Return Agreement is expected to result in charges in the range of $75 million to $95 million in connection with early lease termination and return of aircraft and engines to AerCap to be recognized in the first and second quarters of 2026

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Frontier Group Holdings, Inc. announced a restructuring with charges of $125 million and $175 million affecting A320neo aircraft fleet.

Type: restructuring
Charge: $125 million and $175 million
Affected area: A320neo aircraft fleet

Exact text from the filing

The Company currently expects to recognize these non-cash charges in the first and second quarters of 2026 and anticipates the charges to range between $125 million and $175 million.

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120 material agreements filed in the last 30 days. Browse all material agreements →

Frontier Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-110841

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