Frontier reports Q3 net loss of $77M on revenue $886M; issues Q4 guidance

Frontier Group Holdings, Inc.

2025-Q3 EPS reported -$0.84 revenue$2,727,000,000

Net loss $77M ($0.34 EPS), vs. prior-year net income $26M ($0.11 EPS).
Total revenue $886M, down 5% YoY on 4% lower capacity; RASM stage-adjusted up 2%.
Operating expenses $963M; CASM ex-fuel 7.53¢, up from 6.89¢ due to lower aircraft utilization.
Total liquidity $691M at Sept 30; issued $105M secured note (6.75%) in Q4.
Added 2 A321neo aircraft in Q3; expects 10 more deliveries in Q4.

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