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Frontier Group (ULCC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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Frontier Group Holdings (ULCC - Free Report) reported $1.36 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 52.9%. EPS of $0.18 for the same period compares to -$0.34 a year ago.

The reported revenue represents a surprise of +4.39% over the Zacks Consensus Estimate of $1.3 billion. With the consensus EPS estimate being -$0.02, the EPS surprise was +1000%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 78.8% versus the four-analyst average estimate of 81.7%.
  • Revenue passenger miles (RPMs): 9 billion versus the three-analyst average estimate of 9.29 billion.
  • Fuel cost per gallon: $3.96 versus the three-analyst average estimate of $3.89.
  • Total revenue per available seat mile (RASM): 11.87 cents versus the three-analyst average estimate of 11.33 cents.
  • Available seat miles (ASMs): 11.42 billion versus 11.39 billion estimated by three analysts on average.
  • Adjusted CASM (excluding fuel): 7.84 cents compared to the 7.82 cents average estimate based on three analysts.
  • Adjusted CASM: 11.56 cents versus 11.48 cents estimated by three analysts on average.
  • Average stage length: 891.00 Miles compared to the 903.50 Miles average estimate based on two analysts.
  • Fuel gallons consumed: 107.21 million compared to the 107.16 million average estimate based on two analysts.
  • Adjusted CASM + net interest: 11.52 cents versus the two-analyst average estimate of 11.42 cents.
  • Operating revenues- Passenger: $1.33 billion versus $1.27 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +55.4% change.
  • Operating revenues- Other: $28 million compared to the $42.36 million average estimate based on three analysts. The reported number represents a change of -12.5% year over year.

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

Shares of Frontier Group have returned -9.3% over the past month versus the Zacks S&P 500 composite's -0.2% 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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