Frontier Group Holdings, Inc. (ULCC) Revenue History
Annual and quarterly revenue from 2015 to present
ULCC Revenue Over Time (2015–2025)
ULCC Revenue Growth History
7 of 9 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +6.9%
- FY2018 revenue growth
- +25.8%
- FY2019 revenue growth
- +16.3%
- FY2020 revenue growth
- -50.2%
- FY2021 revenue growth
- +64.8%
- FY2022 revenue growth
- +61.5%
- FY2023 revenue growth
- +7.9%
- FY2024 revenue growth
- +5.2%
- FY2025 revenue growth
- -1.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.28B | +37.7% |
| Q1 2026 | $992.0M | +8.8% |
| Q4 2025 | $997.0M | -0.5% |
| Q3 2025 | $886.0M | -5.2% |
| Q2 2025 | $929.0M | -4.5% |
| Q1 2025 | $912.0M | +5.4% |
| Q4 2024 | $1.00B | +12.5% |
| Q3 2024 | $935.0M | +5.9% |
Multi-year avg. share of annual revenue by fiscal quarter
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)
Current Revenue & Growth
As of October 3, 2026, Frontier Group Holdings, Inc. (ULCC) generated trailing twelve-month (TTM) revenue of $4.15 billion, reflecting explosive growth of +37.7% year-over-year. The most recent quarter (Q2 2026) recorded $1.28 billion in revenue, up 28.9% sequentially.
Historical Growth Trajectory
ULCC's 5-year compound annual growth rate (CAGR) stands at +24.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +3.8% is below the 5-year average, signalling a growth deceleration in recent years. Frontier Group Holdings, Inc.'s highest annual revenue of $3.77 billion was recorded in 2024.
Revenue by Segment
ULCC's revenue is primarily driven by Passenger (38%), Non-Fare Passenger Revenue (22%), and Aircraft Fare (16%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Industrials sector peers — including SNCY (+4.4% YoY), SKYW (+9.1% YoY), and DAL (+10.3% YoY) — ULCC has outperformed the peer group in 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 | $4.2B | +37.7% | +24.4% | -4.0% | |
 SNCY | $1.1B | +4.4% | +22.9% | 8.9% | |
 SKYW | $4.1B | +9.1% | +13.8% | 15.2% | |
 DAL | $63.4B | +10.3% | +30.0% | 9.2% | |
 UAL | $59.1B | +8.5% | +30.9% | 8.0% | |
 AAL | $54.6B | +7.5% | +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% | $187.0M | 5.0% | $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% |
ULCC Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ULCC — Frequently Asked Questions
Quick answers to the most common questions about buying ULCC stock.
Is ULCC's revenue growth accelerating or slowing?
ULCC revenue growth is accelerating. TTM revenue reached $4.2B, up +37.7% year-over-year — ahead of the 5-year CAGR of +24.4%. This indicates the business is expanding faster than its historical baseline.
What is ULCC's revenue history from 2015 to 2026?
Frontier Group Holdings, Inc. (ULCC) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $4.2B, growing at +37.7% YoY. The 5-year CAGR is +24.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ULCC's long-term revenue growth rate (CAGR)?
Frontier Group Holdings, Inc.'s 5-year revenue CAGR of +24.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +37.7% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ULCC.
Why does ULCC's quarterly revenue fluctuate?
ULCC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Frontier Group Holdings, Inc.'s revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is ULCC's revenue distributed by segment?
ULCC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ULCC's revenue compare to industry peers?
Frontier Group Holdings, Inc. (ULCC) with TTM revenue of $4.2B and +37.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.