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Frontier Group Holdings, Inc. ULCC Long-term frequent flyer liability

Long-term frequent flyer liability at other companies

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Allegiant TravelALGT
$36.38M-9.9%
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Choice Hotels InternationalCHH
$41.57M
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$4.1B-0.4%
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United Airlines HoldingsUAL
$7.93B+4.5%
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Delta Air LinesDAL
$108.75M+6.9%
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Delta Air LinesDAL
$5.01B+13.2%

Other financials

Income statement

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Revenue$992.0M+8.8%
Operating income-$283.0M-515%
Net income-$272.0M-533%
EPS (diluted)-$1.18-521%

Balance sheet

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Cash & equivalents$772.0M+12.5%
Total debt$5.2B+9.5%
Total equity$222.0M-61.1%
Total assets$7.0B+8.3%

Cash flow

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Operating cash flow$40.0M+147%
CapEx$12.0M-33.3%
Free cash flow$28.0M+127%

Valuation

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Market cap$1.71B-17.8%
Enterprise value$6.18B+3.8%
P/S0.5×-0.1×

Profitability

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Operating margin-4.1%-4.4pp
Net margin-3.6%-3.8pp
FCF margin-12.3%

Returns & leverage

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Return on equity-27.7%-28.9pp
Debt / equity23.6×+15.2×
Current ratio0.5×0.0×

Where this comes from

Reported directly by Frontier Group Holdings, Inc. in its filing.

Tagged under the XBRL concept fron:ContractWithCustomerLiabilityFrequentFlyerNoncurrent.

The official record: Frontier Group Holdings, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Frontier Group Holdings, Inc.'s long-term frequent flyer liability?
Frontier Group Holdings, Inc. (ULCC) reported long-term frequent flyer liability of $45M in Q1 2026.
How has Frontier Group Holdings, Inc.'s long-term frequent flyer liability changed year-over-year?
Frontier Group Holdings, Inc.'s long-term frequent flyer liability increased by 40.6% year-over-year, from $32M to $45M.
What is the long-term trend for Frontier Group Holdings, Inc.'s long-term frequent flyer liability?
Over 5 years (2020 to 2025), Frontier Group Holdings, Inc.'s long-term frequent flyer liability has grown at a -2.5% compound annual growth rate (CAGR), from $50M to $44M.
What does long-term frequent flyer liability mean?
This represents the long-term portion of deferred revenue related to frequent flyer program obligations that are expected to be settled beyond the next fiscal year. It captures the cumulative financial commitment to loyalty program members for future service redemptions. Tracking this metric helps investors assess the long-term financial impact of loyalty program growth and potential future service costs.