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

UBS analyst Atul Maheswari initiates coverage on Frontier Group Holdings (NASDAQ:ULCC) with a Neutral rating and a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:05 am

The Airline Group has announced that U.S. airline passenger travel is expected to set a new record in March and April, with a 6% increase over 2023 levels, according to Reuters.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 6:59 pm

At the J.P. Morgan Industrials Conference, Frontier's CEO dismissed the idea of re-engaging with Spirit Airlines for a deal, stating they don't have time or energy to consider it.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:52 pm

Frontier CEO announced in a conference call that the demand for April looks very good, indicating a positive outlook for the company.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:22 pm

Frontier Airlines (NASDAQ:ULCC) has launched UpFront Plus, a new seating option offering extra space and comfort. This option guarantees an empty middle seat and is available in the first two rows, starting at $49 per upgrade. The service is for flights departing from April 10, 2024, with a booking window until March 20, 2024. UpFront Plus aims to provide passengers with more personal space and quick aircraft exit, enhancing the travel experience.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:17 pm

JetBlue Airways Corporation (JBLU) terminated its $3.8 billion acquisition deal with Spirit Airlines Inc. (SAVE) due to a legal blockade by the Department of Justice, citing antitrust concerns. JetBlue will pay Spirit a $69-million termination fee. The decision is seen as a victory for consumer protection, aiming to preserve competitive fares and choices. Following the announcement, JetBlue's shares increased by 4.3%, while Spirit's shares dropped nearly 11%. The U.S. Global Jets ETF (JETS) remained unchanged, and Frontier Group Holdings Inc. (ULCC) saw an 11% increase.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 9:16 pm

Susquehanna analyst Christopher Stathoulopoulos has maintained a Neutral rating on Frontier Group Holdings (NASDAQ:ULCC) and raised the price target from $5 to $7.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:15 pm

A Senate committee has approved a bill that significantly increases the maximum civil penalties for airline consumer violations, raising the cap from $25,000 per violation to $75,000. This legislative move aims to enforce stricter compliance and accountability among airlines regarding consumer rights and safety standards.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:23 pm

The U.S. Senate Commerce Committee has voted to approve a bill aimed at enhancing aviation safety by increasing the number of FAA aviation safety inspectors and air traffic control staff. Additionally, the bill seeks to prohibit airlines from imposing fees on families wishing to sit together during flights. This legislative move is part of broader efforts to improve the safety and consumer experience in the aviation sector.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:21 pm

The U.S. Senate Commerce Committee voted against a proposal to increase the mandatory retirement age for airline pilots from 65 to 67. This decision impacts airlines and aircraft manufacturers by maintaining the current workforce age limit.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:07 pm

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