What is Frontier Group's latest dividend and current dividend yield?

What guidance did Frontier Group's management provide for the next earnings period?

What is the revenue and EPS growth rate for Frontier Group year over year?

What were the key takeaways from Frontier Group's earnings call?

What were the key takeaways from Frontier Group’s earnings call?

Did Frontier Group beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Frontier Group next quarter?

What does Frontier Group do and what are its main business segments?

- **Competitive Advantage Solidifies:** Spirit's 30% frequency reduction and 36 route exits create 2% YoY competitive capacity decline, driving RASM upside.
- **Loyalty Program Surge:** Loyalty revenue per passenger up 40% YoY to $7.50, with plans to double over time via elite status upgrades and credit card benefits.
- **First-Class Expansion:** 4% of seats converted to first class, priced below legacy premium economy, targeting 60-80% of full benefit within 1-3 years.
- **Operational Strength:** Q3 completion factor ranked 3rd/4th in September/October, with 81% load factor and 2% YoY RASM growth.
- **2026 Growth Path:** Return to capacity growth contingent on competitive dynamics, with 10 new aircraft deliveries in Q4 2025.

**【CEO Summary Section】**
- Frontier delivered Q3 revenue of $886M, up 1% YoY, with RASM improving 2% YoY to $0.0876 due to disciplined capacity management.
- CEO Barry Biffle highlighted a more balanced supply-demand environment as Spirit Airlines reduces capacity by 30% on 41 routes and exits 36 overlapping routes.
- Strategic initiatives include first-class seating rollout by spring 2026, loyalty program enhancements (40% YoY growth in loyalty revenue per passenger), and cost management to preserve industry-leading margins.
- Operational reliability ranked 3rd and 4th in September and October completion factors.

**【Commercial Review】**
- Q3 capacity down 4% YoY, with load factor 81% (3pts higher YoY) and RASM of $0.0914.
- Q4 capacity expected flat YoY, with competitive seat capacity projected to decline 2pts YoY.
- Launched 42 new routes in Q3, including international destinations like Guatemala, Honduras, and Turks and Caicos.
- Loyalty program revenue per passenger reached $7.50, up 40% YoY, driven by elite status upgrades and co-branded credit card benefits.

**【CFO Financial Commentary】**
- Q3 net loss of $77M ($0.34 EPS) due to elevated fuel costs ($234M, 10% higher YoY) and one-time legal settlement.
- Adjusted CASM ex-fuel of $0.0753, 9% higher YoY due to 15% lower aircraft utilization.
- Liquidity of $691M post-private placement note issuance, with 10 A320neo/A321neo deliveries and 10 GTF spare engines expected in Q4.
- Q4 guidance: $0.04-$0.20 EPS, with flat capacity and $2.50/gallon fuel cost.

**【Q&A Highlights】**
- **Competitive Capacity:** Spirit's capacity cuts (36 routes exited, 30% frequency reduction) expected to drive high single-digit RASM improvements in overlap markets.
- **Government Shutdown Impact:** Minimal financial impact, but potential RASM upside from reduced airport capacity.
- **First-Class Rollout:** 4% of seats converted to first class, priced below legacy premium economy, targeting 60-80% of full benefit within 1-3 years.
- **Loyalty Growth:** Doubling loyalty revenue per passenger over time through elite status accessibility and credit card companion passes.
- **2026 Outlook:** Return to growth contingent on competitive capacity trends, with 10 new aircraft deliveries in Q4 2025.

Frontier Group Holdings, Inc. (ULCC) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

ULCC

ULCC fundamentals

You can ask Aime