Frontier Q1 GAAP net loss $272M; adjusted loss $0.30/sh beats guidance; record adj. revenue

Frontier Group Holdings, Inc.

2026-Q1 EPS reported -$1.18 revenue$992,000,000

Adjusted revenue nearly $1.1B, a record, up 17% YoY on 1% lower capacity.
GAAP net loss $272M ($1.18/sh); adjusted net loss $68M ($0.30/sh), better than guidance range of ($0.32)-($0.44).
Non-recurring charges: $139M early lease termination of 24 A320neo aircraft; $73M TSA Reserve from court ruling.
Total liquidity $974M at March 31, 2026, up $100M from year-end 2025.
Adjusted RASM stage-length adjusted 10.29¢, up 17% YoY, at high end of guidance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Frontier Group Holdings, Inc. reported first quarter of 2026 results: revenue $ 992, net income $ (272), EPS $ (1.18). Guidance initiated.

Period: first quarter of 2026
Revenue: $ 992
Net income: $ (272)
EPS: $ (1.18)
Guidance: initiated
Result: reported results

Exact text from the filing

percentages and per share data) Three Months Ended March 31, 2026 2025 As Reported (GAAP) Adjusted (Non-GAAP) As Reported (GAAP) Adjusted (Non-GAAP) Total operating revenues $ 992 $ 1,065 $ 912 $ 912 Revenue per available seat mile ("RASM") (¢) 10.11 10.86 9.17 9.17 RASM, stage-length adjusted to 1,000 miles (¢) 9.59 10.29 8.81 8.81 Total operating expenses

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Source: SEC EDGAR

accession 0001670076-26-000049

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