---
schema_version: "secwatch.filing_event.v1"
accession: "0001670076-23-000052"
form_type: "8-K"
ticker: "ULCC"
cik: "0001670076"
company_name: "Frontier Group Holdings, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:10:58.453139+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Frontier reports record Q1 revenue $848M but pre-tax loss $17M; guides Q2 adj. margin 7-10%

## Summary
- Record Q1 revenue $848M (+40% YoY); ancillary revenue $80/pax (+15% YoY).
- Pre-tax loss $(17)M, adjusted $(16)M; adjusted pre-tax margin (1.9)%.
- Guidance: Q2 adjusted pre-tax margin 7-10%, H2 2023 10-13%.
- Reshaping capacity to focus on peak demand; lower utilization but wider cost advantage.
- Ended with $790M cash; 6 A321neo deliveries; Airbus delays shift 2 A321neo to 2024.

## SEC filing metadata
- accession: 0001670076-23-000052
- form_type: 8-K
- ticker: ULCC
- cik: 0001670076
- company_name: Frontier Group Holdings, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000052/0001670076-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000052/fron-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001670076-23-000052
- JSON: https://secwatch.observer/filing/0001670076-23-000052.json
- Plain text: https://secwatch.observer/filing/0001670076-23-000052.txt

## Key facts
- Earnings Releases
  Frontier Group Holdings, Inc. reported first quarter of 2023 results: revenue $848 million, net income $(13) million. Guidance reaffirmed.
  - Period: first quarter of 2023
  - Revenue: $848 million
  - Net income: $(13) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: reported results for the first quarter of 2023 and issued guidance for second quarter and full year 2023. First Quarter 2023 Summary: • Achieved total operating revenues of $848 million, a record for any first quarter in company history and 40 percent higher than the 2022 quarter, resulting in a 19 percent increase in revenue per available seat mile ("RASM") on
  evidence_url: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000052/0001670076-23-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.