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Compared to Estimates, Frontier Group (ULCC) Q1 Earnings: A Look at Key Metrics

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Frontier Group Holdings (ULCC - Free Report) reported $992 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 8.8%. EPS of -$0.30 for the same period compares to -$0.19 a year ago.

The reported revenue represents a surprise of -5.02% over the Zacks Consensus Estimate of $1.04 billion. With the consensus EPS estimate being -$0.37, the EPS surprise was +18.92%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Frontier Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Load Factor: 78.4% compared to the 78.7% average estimate based on four analysts.
  • Revenue passenger miles (RPMs): 7.69 billion versus 7.79 billion estimated by three analysts on average.
  • Fuel cost per gallon: $2.88 versus $2.99 estimated by three analysts on average.
  • Total revenue per available seat mile (RASM): 10.11 cents versus the three-analyst average estimate of 10.66 cents.
  • Available seat miles (ASMs): 9.81 billion versus the three-analyst average estimate of 9.82 billion.
  • Adjusted CASM (excluding fuel): 8.85 cents versus 8.75 cents estimated by three analysts on average.
  • Adjusted CASM: 11.58 cents versus the three-analyst average estimate of 11.54 cents.
  • Average stage length: 899.00 Miles compared to the 895.94 Miles average estimate based on two analysts.
  • Fuel gallons consumed: 92.96 million versus the two-analyst average estimate of 91.66 million.
  • Adjusted CASM + net interest: 11.56 cents versus the two-analyst average estimate of 11.54 cents.
  • Operating revenues- Passenger: $952 million compared to the $1.02 billion average estimate based on four analysts. The reported number represents a change of +7.7% year over year.
  • Operating revenues- Other: $40 million versus $34.42 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +42.9% change.

View all Key Company Metrics for Frontier Group here>>>

Shares of Frontier Group have returned +14.6% over the past month versus the Zacks S&P 500 composite's +9.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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