secwatch.observer — SEC 8-K summary
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Issuer:     Frontier Group Holdings, Inc. (ULCC)
CIK:        0001670076
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001670076-26-000049
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670076/000167007626000049/0001670076-26-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670076/000167007626000049/fron-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001670076-26-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer