---
schema_version: "secwatch.filing_event.v1"
accession: "0001670076-26-000049"
form_type: "8-K"
ticker: "ULCC"
cik: "0001670076"
company_name: "Frontier Group Holdings, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:26:07.779379+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001670076-26-000049
- form_type: 8-K
- ticker: ULCC
- cik: 0001670076
- company_name: Frontier Group Holdings, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1670076/000167007626000049/0001670076-26-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1670076/000167007626000049/fron-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001670076-26-000049
- JSON: https://secwatch.observer/filing/0001670076-26-000049.json
- Plain text: https://secwatch.observer/filing/0001670076-26-000049.txt

## Source-grounded claims
- claim_id: 3ef82b9aad4cd961b7c9a0dee814fbc20771f338
  claim: Frontier Group Holdings, Inc. reported first quarter of 2026 results: revenue $ 992, net income $ (272), EPS $ (1.18). Guidance initiated.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1670076/000167007626000049/0001670076-26-000049-index.htm

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