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

Major airlines, including American Airlines (AAL), Alaska Air Group (ALK), Delta Air Lines (DAL), JetBlue Airways (JBLU), Southwest Airlines (LUV), Spirit Airlines (SAVE), and United Airlines Holdings (UAL), have filed a lawsuit against the Biden administration over new fee disclosure rules. These rules require airlines to disclose upfront all fees related to baggage, changes, and cancellations. The airlines argue that these regulations are overly burdensome and could harm their business operations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:25 pm

Volaris and Frontier Airlines have reactivated their codeshare agreement, enhancing connectivity between the U.S. and Mexico. This partnership allows Frontier customers to book flights to Mexico via Volaris starting May 16th, 2024. Volaris operates over 460 daily flights, connecting 44 cities in Mexico and 29 in the U.S., Central, and South America, including major destinations like Mexico City and Cancun.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:36 am

Congressional negotiators are set to enhance the provisions regarding airline refunds in the upcoming U.S. aviation bill, according to Reuters. This move could significantly impact airlines' operations and financial strategies, ensuring more robust consumer protection in cases of flight cancellations and delays.

Portfolio Pulse from Charles Gross

May 07, 2024 | 8:44 pm

Frontier Group anticipates a 12%-14% growth in Q2 capacity, targeting high-fare, underserved markets to boost RASM. FY24 capacity is projected to increase by 12%-15%. Adjusted fuel costs are expected to rise to $2.80-$2.90 per gallon. The adjusted pre-tax margin is forecasted at 3%-6%, factoring in higher fuel costs and network changes. Full-year guidance remains the same except for a $0.10 per gallon increase in fuel price predictions. Adjusted CASM is expected to decrease by 1%-3%, with capital expenditures planned between $180-$230 million.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:45 am

Frontier Group Holdings (NASDAQ:ULCC) reported Q1 2024 adjusted EPS of $(0.09), surpassing the $(0.18) estimate, with sales of $865M beating the $861.577M forecast. This represents a 50% decrease in losses per share compared to last year and a 2% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:52 am

Frontier Group Holdings (NASDAQ:ULCC) was analyzed by 6 analysts, showing a shift towards a more neutral stance with 1 somewhat bullish and 5 indifferent ratings. The average 12-month price target is now $7.75, up from $7.25, with adjustments from analysts at Barclays, Evercore ISI Group, UBS, Susquehanna, B of A Securities, and Morgan Stanley. The company faces challenges with a revenue decline of -1.66% and a high debt-to-equity ratio but maintains a strong net margin and ROA.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:00 pm

Barclays analyst Brandon Oglenski has maintained an Overweight rating on Frontier Group Holdings (NASDAQ:ULCC) and increased the price target from $7 to $9.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:49 pm

Evercore ISI Group analyst Duane Pfennigwerth has maintained an In-Line rating on Frontier Group Holdings (NASDAQ:ULCC) and increased the price target from $7 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:03 pm

Frontier's Flight Attendants' Union has expressed opposition to the proposed overhaul of the airline's operation model, stating that any changes require dispute negotiations under the U.S. Railway Labor Act, according to a letter cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:46 pm

Frontier shares are experiencing an uptick following reports that the airline is concentrating its efforts on expanding in high-fare markets, which could potentially enhance its revenue and profitability.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:54 pm

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