Frontier Group Holdings, Inc. income statement

In fiscal 2025, Frontier Group Holdings, Inc. reported revenue of $3.72bn, down 1.4% on the year before, operating income of −$149m (a -4.0% margin) and net income of −$137m, or −$0.60 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Frontier Group Holdings, Inc.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	2,508	1,250	2,060	3,326	3,589	3,775	3,724	4,623
Selling and marketing	130	78	109	164	164	178	159	304
Operating income	309	−365	−117	−45	−3	58	−149	−439
Interest expense	—	—	—	21	29	36	46	46
Income before tax	325	−372	−144	−45	32	86	−134	−427
Income tax	74	−147	−42	−8	43	1	3	−14
Net income	251	−225	−102	−37	−11	85	−137	−413
Diluted EPS	$1.19	−$1.13	−$0.48	−$0.17	−$0.05	$0.37	−$0.60	−$1.80
Diluted shares (average)	200m	199m	211m	218m	220m	226m	228m	229m
EBITDA	355	−332	−79	0	47	130	−58	−236

US$ millions unless shown otherwise. Fiscal quarters.

Frontier Group Holdings, Inc.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	1,002	912	929	886	997	992	1,279	1,355
Selling and marketing	34	51	47	52	9	142	64	89
Operating income	45	−46	−75	−77	49	−283	−97	−108
Interest expense	9	9	10	15	12	12	10	12
Income before tax	51	−40	−70	−76	52	−281	−94	−104
Income tax	−3	3	0	1	−1	−9	−4	0
Net income	54	−43	−70	−77	53	−272	−90	−104
Diluted EPS	$0.23	−$0.19	−$0.31	−$0.34	$0.24	−$1.18	−$0.39	−$0.45
EBITDA	64	−26	−54	−53	75	−221	−41	−49

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Frontier Group Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Frontier Group Holdings, Inc.