Frontier Group Holdings, Inc. (ULCC) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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ULCC Revenue Growth
Revenue Breakdown (FY 2025)
ULCC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ULCC Revenue Analysis (2015–2025)
As of May 6, 2026, Frontier Group Holdings, Inc. (ULCC) generated trailing twelve-month (TTM) revenue of $3.80 billion, reflecting solid growth of +8.8% year-over-year. The most recent quarter (Q1 2026) recorded $992.0 million in revenue, down 0.5% sequentially.
Looking at the longer-term picture, ULCC's 5-year compound annual growth rate (CAGR) stands at +24.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $3.77 billion in 2024.
Revenue diversification analysis shows ULCC's business is primarily driven by Passenger (38%), Non-Fare Passenger Revenue (22%), and Aircraft Fare (16%).
When compared to Industrials sector peers including SNCY (+4.4% YoY), SKYW (+12.3% YoY), and DAL (+2.8% YoY), ULCC has underperformed the peer group in terms of revenue growth. Compare ULCC vs SNCY →
ULCC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ULCCCurrent | $3.8B | +8.8% | +24.4% | -4.0% | |
 SNCY | $1.1B | +4.4% | +22.9% | 8.9% | |
 SKYW | $4.1B | +12.3% | +13.8% | 15.2% | |
 DAL | $63.4B | +2.8% | +30.0% | 9.2% | |
 UAL | $59.1B | +4.7% | +30.9% | 8.0% | |
 AAL | $54.6B | +3.3% | +25.8% | 2.7% |
ULCC Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.72B | -1.4% | $1.32B | 35.5% | $-149,000,000 | -4.0% |
| 2024 | $3.77B | +5.2% | $1.94B | 51.3% | $58.0M | 1.5% |
| 2023 | $3.59B | +7.9% | $302.0M | 8.4% | $-3,000,000 | -0.1% |
| 2022 | $3.33B | +61.5% | $282.0M | 8.5% | $-45,000,000 | -1.4% |
| 2021 | $2.06B | +64.8% | $-202,000,000 | -9.8% | $-117,000,000 | -5.7% |
| 2020 | $1.25B | -50.2% | $-390,000,000 | -31.2% | $-365,000,000 | -29.2% |
| 2019 | $2.51B | +16.3% | $503.0M | 20.1% | $309.0M | 12.3% |
| 2018 | $2.16B | +25.8% | $373.0M | 17.3% | $92.0M | 4.3% |
| 2016 | $1.71B | +6.9% | $524.0M | 30.6% | $317.0M | 18.5% |
| 2015 | $1.60B | - | $473.0M | 29.5% | $233.0M | 14.5% |
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Start ComparisonULCC — Frequently Asked Questions
Quick answers to the most common questions about buying ULCC stock.
Is ULCC's revenue growth accelerating or slowing?
ULCC maintains +8.8% revenue growth, in line with its 5-year CAGR of +24.4%. TTM revenue stands at $3.8B. Growth rate remains consistent with historical average.
What is ULCC's long-term revenue growth rate?
Frontier Group Holdings, Inc.'s 5-year revenue CAGR of +24.4% reflects the sustained expansion pattern. Current YoY growth of +8.8% is near this long-term average.
How is ULCC's revenue distributed by segment?
ULCC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.