Streetbeat News

ULCC

Frontier Group Holdings, Inc.

https://www.flyfrontier.com

Industry

Airlines, Airports & Air Services

Frontier Group Holdings, Inc., a low-fare airline company, provides air transportation for passengers. The company operates an airline that serves approximately 120 airports throughout the United States and international destinations in the Americas. It offers its services through direct distribution channels, including its website, mobile app, and call center. As of December 31, 2021, the company had a fleet of 110 Airbus single-aisle aircraft comprising, 16 A320ceos, 73 A320neos, and 21 A321ceos. Frontier Group Holdings, Inc. was incorporated in 2013 and is headquartered in Denver, Colorado.

Open

5.47

Mkt cap

1.3B

Volume

356K

High

5.59

P/E Ratio

-185.00

52-wk high

8.33

Low

5.44

Div yield

N/A

52-wk low

2.79

Frontier Communications reported its third-quarter 2024 results, highlighting significant growth in its fiber broadband segment. The company added 381,000 fiber passings, reaching 7.6 million total locations, and gained 108,000 fiber broadband customers, marking a 19.3% year-over-year growth. Revenue increased by 3.7% to $1.49 billion.

Portfolio Pulse from

November 05, 2024 | 9:45 pm

Barclays analyst Brandon Oglenski maintains an Overweight rating on Frontier Group Holdings (NASDAQ:ULCC) and raises the price target from $6 to $7.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:00 pm

Several industrial stocks experienced significant intraday movements on Tuesday. Notable gainers included Zoomcar Holdings, Momentus, and SKK Holdings, while major losers were 1847 Holdings, Primega Group Holdings, and Janus Intl Gr, with the latter releasing its Q3 earnings.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 4:30 pm

Frontier Group Holding shares declined following disappointing Q3 results and a reduction in FY24 capacity and fuel cost guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:27 pm

Frontier Airlines anticipates a 2%-3% decline in FY24 capacity and average fuel costs between $2.40-$2.50 per gallon. Despite hurricane impacts, the company expects positive RASM in Q4 due to moderated capacity growth and network initiatives. Hurricane Milton is expected to impact Q4 pre-tax margin by 2%.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:10 pm

Frontier Group Holdings reported a Q3 2024 adjusted EPS of $(0.05), missing the $(0.03) estimate. Sales were $935M, below the $942.129M estimate but up 5.89% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:06 pm

Airline stocks, including American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, Spirit Airlines, Alaska Air Group, JetBlue Airways, and Frontier Group Holdings, rose as oil prices dropped significantly. The decline in oil prices followed Israeli airstrikes in Iran that avoided oil infrastructure, reducing fears of supply disruptions. Lower oil prices are beneficial for airlines as fuel is a major expense.

Portfolio Pulse from Vaishali Prayag

October 28, 2024 | 9:39 pm

Airline stocks are experiencing a rise in share prices due to a decrease in oil prices, which can lead to reduced operational costs for airlines.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 6:03 pm

Frontier Group Holdings (NASDAQ:ULCC) is set to release its quarterly earnings on October 29, 2024. Analysts expect an EPS of $-0.11. The company's past performance shows mixed results, with a recent history of missing estimates. Despite a 112.98% increase in share price over the past year, analysts have a Neutral rating with a price target suggesting a potential downside. Investors are keen on the earnings and guidance, which could impact the stock price.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 4:02 pm

The DOJ and DOT have launched a public inquiry into airline competition, focusing on mergers, pricing, and rewards practices. This follows the DOJ's recent blocking of the JetBlue-Spirit merger. Spirit Airlines is in financial trouble and may merge with Frontier. The inquiry could impact major airlines and related companies.

Portfolio Pulse from Erica Kollmann

October 26, 2024 | 3:30 pm

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