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

A major outage of Microsoft and CrowdStrike services has impacted various sectors including airlines, emergency services, and hospitals across multiple states and countries. Airlines like American Airlines, Delta, United, and Frontier were notably affected, causing flight delays and cancellations. The outage also disrupted 911 services in several states and caused issues in Canada, South Africa, Australia, and Germany. Microsoft and CrowdStrike stocks experienced mixed reactions in the market.

Portfolio Pulse from Chris Katje

July 19, 2024 | 3:04 pm

U.S. Transportation Secretary Buttigieg is monitoring the impact of an IT outage across all transportation sectors. Airlines have been reminded of their responsibilities amid the outage. There is no indication of an impact on the FAA or other U.S. transportation systems. Spot transportation issues are expected as systems get back online by Friday, with hopes for normalization by Saturday.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 2:42 pm

American Airlines (AAL) experienced a ground stop due to a communication problem, but operations were not affected. Other low-cost carriers like Frontier (ULCC), Allegiant (ALGT), and Sun Country (SNCY) also faced outages. Investors can access these stocks via U.S. Global Jets ETF (JETS) and First Trust Nasdaq Transportation ETF (FTXR).

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:16 pm

CrowdStrike and Microsoft shares dropped significantly in pre-market trading due to a CrowdStrike update causing a global Windows crash. The incident also affected several airlines, leading to flight cancellations.

Portfolio Pulse from Benzinga Neuro

July 19, 2024 | 9:36 am

A Microsoft cloud service outage caused significant disruptions for Frontier, Allegiant, and Sun Country Airlines, leading to numerous flight cancellations and delays. The outage affected Microsoft Azure services in the Central U.S. region.

Portfolio Pulse from Benzinga Neuro

July 19, 2024 | 5:53 am

Citigroup analyst Stephen Trent maintains a Neutral rating on Frontier Group Holdings (NASDAQ:ULCC) but lowers the price target from $7 to $5.35.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 9:06 pm

Four analysts have recently evaluated Frontier Group Holdings (NASDAQ:ULCC), with ratings ranging from bullish to bearish. The average 12-month price target has decreased by 28.09% to $5.12. Analysts from TD Cowen, Susquehanna, Barclays, and Deutsche Bank have all lowered their price targets.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 6:00 pm

TD Cowen analyst Helane Becker maintains a Hold rating on Frontier Group Holdings (NASDAQ:ULCC) and lowers the price target from $6.5 to $4.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:08 pm

Susquehanna analyst Christopher Stathoulopoulos maintains a Neutral rating on Frontier Group Holdings (NASDAQ:ULCC) and lowers the price target from $6 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:07 pm

Top Wall Street analysts have downgraded their ratings for Spirit Airlines (SAVE), NVIDIA Corporation (NVDA), and Frontier Group Holdings (ULCC). These downgrades have led to notable declines in the stock prices of these companies.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 6:21 pm

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