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Frontier Group Holdings, Inc. ULCC Total non-fare passenger revenue — Total operating revenues

Other product segments

Fare
$613M+76.1%
Service fees
$266M+5.6%
Baggage
$234M+25.8%
Seat selection
$88M+8.6%

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Other financials

Income statement

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Revenue$1.3B+37.7%
Operating income-$97.0M-29.3%
Net income-$90.0M-28.6%
EPS (diluted)-$0.39-25.8%

Balance sheet

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Cash & equivalents$955.0M+69.6%
Total debt$5.2B+7.6%
Total equity$136.0M-73.1%
Total assets$7.2B+11.0%

Cash flow

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Operating cash flow$151.0M+214%
CapEx$13.0M-60.6%
Free cash flow$138.0M+183%

Valuation

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Market cap$1.7B+107%
Enterprise value$5.99B+15.5%
P/S0.4×+0.2×

Profitability

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Operating margin-4.1%-4.4pp
Net margin-3.6%-3.8pp
FCF margin-3.9%

Returns & leverage

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Return on equity-27.7%-28.9pp
Debt / equity38.5×+28.9×
Current ratio0.6×+0.2×

Where this comes from

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

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Frontier Group Holdings, Inc.’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 8:02 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001670076-26-000087
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Service fees266252436486
Baggage234186449391
Seat selection8881171150
Other34316957
Total non-fare passenger revenue6225501,1251,084
Total passenger revenues1,2358982,1871,782
Other revenues44318459
Total operating revenues$1,279$929$2,271$1,841

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Frontier Group Holdings, Inc.'s total non-fare passenger revenue — total operating revenues?
Frontier Group Holdings, Inc. (ULCC) reported total non-fare passenger revenue — total operating revenues of $622M in Q2 2026.
How has Frontier Group Holdings, Inc.'s total non-fare passenger revenue — total operating revenues changed year-over-year?
Frontier Group Holdings, Inc.'s total non-fare passenger revenue — total operating revenues increased by 13.1% year-over-year, from $550M to $622M.
What is the long-term trend for Frontier Group Holdings, Inc.'s total non-fare passenger revenue — total operating revenues?
Over 4 years (2021 to 2025), Frontier Group Holdings, Inc.'s total non-fare passenger revenue — total operating revenues has grown at a 15.4% compound annual growth rate (CAGR), from $1.19B to $2.12B.
What does total non-fare passenger revenue — total operating revenues mean?
This metric represents the proportion of total operating revenue generated from ancillary services, such as baggage fees, seat assignments, and onboard sales, relative to the company's overall top-line performance. It serves as a key indicator of an airline's ability to diversify income streams beyond base airfare and effectively monetize the passenger experience. A higher ratio typically reflects a successful ultra-low-cost carrier strategy focused on unbundled pricing and high-margin service offerings.

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