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 Group Holdings (NASDAQ:ULCC) reported Q4 sales of $891.00M, missing the consensus estimate of $893.33M by 0.26% and marking a 1.66% decrease from the previous year's $906.00M.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:07 pm

Earnings reports for various companies are scheduled for February 6, 2024, with projections ranging from significant profits to losses across diverse sectors. Notable mentions include BP, UBS, Frontier Group Holdings, and Spotify Technology, among others, indicating a broad spectrum of financial health and market expectations.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 10:42 am

The U.S. Federal Aviation Administration (FAA) has recommended to Congress not to raise the mandatory retirement age for airline pilots from 65 to 67 until further research is conducted, according to a letter cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 8:15 pm

Frontier Group Holdings (NASDAQ:ULCC) is scheduled to release its quarterly earnings report on February 6, 2024, with an expected EPS of $-0.23. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 9.31% drop. Shares are currently trading at $5.4, down 60.49% over the last year, indicating long-term shareholder dissatisfaction.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 6:00 pm

Frontier Airlines (NASDAQ:ULCC), known as America's Greenest Airline, has announced a significant expansion of its operations, launching nonstop services across various U.S. and international airports in April, May, and June of 2024. The expansion targets underserved and overpriced routes. To mark the occasion, Frontier is offering promotional fares starting at $19 one way and discounted Premium Stretch seating. The expansion includes both new and existing routes as part of their Mega Sale.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:13 pm

B of A Securities analyst Andrew Didora has downgraded Frontier Group Holdings (NASDAQ:ULCC) from Buy to Neutral and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:42 pm

Morgan Stanley analyst Ravi Shanker has downgraded Frontier Group Holdings (NASDAQ:ULCC) from Overweight to Equal-Weight and reduced the price target from $10 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:45 pm

Industrial stocks are experiencing an uptick following the Federal Reserve's decision to keep interest rates unchanged. The market's positive reaction is also fueled by expectations of potential future rate cuts as indicated by the majority of Fed officials.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:51 pm

Raymond James analyst Savanthi Syth has maintained an Outperform rating on Frontier Group Holdings (NASDAQ:ULCC) but has lowered the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:15 pm

Verint Systems Inc. (VRNT) reported strong third-quarter earnings, surpassing market estimates and saw its shares rise by 14%. Other stocks also moved higher, including Semtech Corporation (SMTC) after reporting earnings and guidance, and Alphabet Inc. (GOOGL) following the launch of Gemini AI. Notably, Cerevel Therapeutics Holdings, Inc. (CERE) surged after an acquisition announcement by AbbVie Inc. (ABBV).

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 3:17 pm

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