---
schema_version: "secwatch.filing_event.v1"
accession: "0001670076-23-000085"
form_type: "8-K"
ticker: "ULCC"
cik: "0001670076"
company_name: "Frontier Group Holdings, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:37:59.934271+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Frontier Q3 net loss $32M; revenue down 3% to $883M despite 21% capacity growth

## Summary
- Pre-tax loss of $45M vs. pre-tax income of $58M a year ago; diluted EPS loss $0.14.
- CASM 9.66 cents (-9% YoY); adjusted CASM ex-fuel 6.66 cents (-3% YoY).
- Revenue per passenger fell 15% to $115; load factor dropped 2.5pp to 80%.
- Total fuel expense $291M at $3.08/gal; unrestricted cash $640M at quarter end.
- Added eight A321neo aircraft; fleet now 134 units, 77% A320neo family.

## SEC filing metadata
- accession: 0001670076-23-000085
- form_type: 8-K
- ticker: ULCC
- cik: 0001670076
- company_name: Frontier Group Holdings, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000085/0001670076-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000085/fron-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001670076-23-000085
- JSON: https://secwatch.observer/filing/0001670076-23-000085.json
- Plain text: https://secwatch.observer/filing/0001670076-23-000085.txt

## Key facts
- Earnings Releases
  Frontier Group Holdings, Inc. reported the third quarter of 2023 results: revenue $883 million, net income $(32) million, EPS $(0.14). Guidance initiated.
  - Period: the third quarter of 2023
  - Revenue: $883 million
  - Net income: $(32) million
  - EPS: $(0.14)
  - Guidance: initiated
  - Result: reported results
  source text: Inc., today reported financial results for the third quarter of 2023 and issued guidance for the fourth quarter. Third Quarter 2023 Summary: • Total operating revenues were $883 million, 3 percent lower than the 2022 quarter, on capacity growth of 21 percent • Cost per available seat mile ("CASM") was 9.66 cents, a decline of 9 percent over the 2022 quarter •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000085/0001670076-23-000085-index.htm

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