Frontier Group Holdings (ULCC), parent of Frontier Airlines, reported second-quarter 2026 total operating revenue of $1.279 billion, up 38% from $929 million a year earlier. The company reported a GAAP net loss of $90 million, compared with a $70 million loss in the prior-year quarter.
Diluted and basic loss per share were both $0.39 for the quarter. Frontier also issued guidance for the third and fourth quarters of 2026 and highlighted liquidity, fleet activity, network expansion and planned Starlink onboard Wi-Fi service.
- Total operating revenue was $1.279 billion for the three months ended June 30, 2026.
- GAAP net loss was $90 million, with basic and diluted loss per share of $0.39.
- RASM rose 28% year over year to 11.52 cents on 8% higher capacity.
- Total liquidity was $1.16 billion as of June 30, 2026.
- Frontier ended the quarter with 165 Airbus single-aisle aircraft.
- The company plans to launch Starlink-equipped aircraft by early 2027.
- Third-quarter adjusted diluted EPS guidance was $(0.10) to $0.10, while fourth-quarter guidance was breakeven to $0.20.
$ULCC Insider Trading Activity
$ULCC insiders have traded $ULCC stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $ULCC stock by insiders over the last 6 months:
- HOLDINGS - FRONTIER LLC GROUP sold 11,700,000 shares for an estimated $84,240,000
- STEVE SCHULLER (SVP, Human Resources) has made 0 purchases and 2 sales selling 15,000 shares for an estimated $90,011.
- JOSH A WETZEL (VP & CAO) sold 13,500 shares for an estimated $64,133
- ALEXANDRE CLERC (SVP, Customers) sold 5,060 shares for an estimated $30,006
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ULCC Hedge Fund Activity
We have seen 63 institutional investors add shares of $ULCC stock to their portfolio, and 82 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MARSHALL WACE, LLP added 3,178,369 shares (+372.5%) to their portfolio in Q1 2026, for an estimated $11,219,642
- MILLENNIUM MANAGEMENT LLC removed 2,080,282 shares (-88.1%) from their portfolio in Q1 2026, for an estimated $7,343,395
- U S GLOBAL INVESTORS INC removed 1,866,757 shares (-27.5%) from their portfolio in Q2 2026, for an estimated $14,766,047
- BLACKROCK, INC. removed 1,370,872 shares (-20.6%) from their portfolio in Q1 2026, for an estimated $4,839,178
- TUDOR INVESTMENT CORP ET AL added 1,140,194 shares (+inf%) to their portfolio in Q1 2026, for an estimated $4,024,884
- POINT72 ASSET MANAGEMENT, L.P. removed 1,044,137 shares (-59.3%) from their portfolio in Q1 2026, for an estimated $3,685,803
- HRT FINANCIAL LP added 856,609 shares (+104.8%) to their portfolio in Q1 2026, for an estimated $3,023,829
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
