UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-40304 Frontier Group Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

DENVER, Oct. 29, 2024 /PRNewswire/ -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the third quarter of 2024 and issued guidance for the fourth quarter and full year 2024.Highlights: Total operating revenues were $935 million, 6 percent higher than the comparable 2023 quarter, on a 4 percent increase in capacity Revenue per available seat mile ("RASM") was 9.28 cents, 2 percent higher than the comparable 2023 quarter RASM on a ...

"Our revenue and network initiatives began to overcome oversupplied industry capacity as evidenced by RASM which inflected positive by mid-August," commented Barry Biffle, Chief Executive Officer. "We expect maturity of our network and revenue initiatives and moderating industry capacity growth to set the stage to continue to grow RASM and, along with our industry leading cost performance, to drive a return to double-digit adjusted pre-tax margins by summer 2025." Frontier Airlines Reports Third Quarter 202 ...

KEY TAKEAWAYSSpirit Airlines shares are surging in premarket trading Wednesday on a report that Frontier Airlines parent Frontier Group Holdings is in the early stages of a renewed bid for its rival discount carrier.The Wall Street Journal said the two sides have had recent discussions and the deal would form part of Spirit's debt restructuring.Spirit is currently in the midst of discussions with bondholders ahead of a potential bankruptcy filing, the report said, noting that merger talks are in early stage ...

Will Vote Against Verizon Transaction at Current Price as it Significantly Undervalues Frontier's Assets and Earnings Trajectory Frontier's Board Relied on Fundamentally Flawed DCF and Peer Analysis Believes Frontier's Enterprise Value is at Least $26 Billion, 30% Higher than the Current $20 Billion Enterprise Value Ascribed from the Verizon Transaction Urges Extension of Record Date and Date of Special Meeting of Stockholders LOS ANGELES, Oct. 23, 2024 /PRNewswire/ -- Glendon Capital Management LP ("Glendo ...

Three passengers filed a lawsuit against Frontier Airlines over claims they suffered injuries when a flight caught on fire while landing at an airport in Las Vegas earlier this month. Eddie Frierson, Alberto Cardoso, and Ana Figueroa-Cueva were passengers on Frontier Flight 1326 from San Diego, California, to Las Vegas, Nevada, when the fiery aircraft landed at Harry Reid International Airport on Oct. 5.The plaintiffs claimed that the plane "violently crash-landed" at the airport without warning, Fox 5 Vega ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Frontier Group Holdings (ULCC) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 29, 2024, might help the stock move higher if these key numbers are ...

Core Argument - Carronade Capital believes Verizon's offer of $38.50 per share for Frontier Communications is insufficient compared to Frontier's intrinsic value of at least $48.60 per share [2] - The proposed transaction does not represent fair value to Frontier shareholders, and Carronade encourages shareholders to vote against it [2] Financial Analysis - Third-party analyses support a higher standalone valuation range for Frontier, with estimates ranging from $47.88 to $60+ per share before synergy value [2] - Recent fiber transactions have been valued at low to mid 20's x TEV/EBITDA, and applying a discounted multiple of 15x to Frontier's Fiber EBITDA supports a $48.60 per share valuation [3] - The conservative valuation excludes value from Frontier's non-fiber business, which generated $756 million in LTM EBITDA [3] Synergy Analysis - Verizon expects at least $500 million in opex run-rate synergies, with potential for more, including capex synergies [4] - Verizon anticipates a 50% reduction in mobility churn and a 40% reduction in fiber churn, leading to immediate revenue and EBITDA accretion [4] - Verizon plans to extend premium offerings to Frontier's customers and generate revenue from mobile and home conversions, including cross-selling benefits [4] Strategic Importance - Frontier provides Verizon with a combined 25 million fiber passings in 31 states and Washington DC, significantly expanding Verizon's fiber footprint [5] - The acquisition accelerates Verizon's delivery of premium mobility and broadband services and powers its Intelligent Edge Network for digital innovation like AI and IoT [5] - Verizon views the acquisition as accretive from day one on revenue growth and EBITDA, with EPS and cash flow accretion expected within a year [5] Shareholder Concerns - The proxy process appears rushed, with the final proxy filed after market close on October 7, 2024, and the record date set for the same day, limiting shareholder review [6] - The lengthy regulatory approval process and expected inflection in Frontier's results suggest shareholders should have more time to evaluate the transaction [7] Conclusion - Carronade Capital intends to vote against the proposed transaction and encourages other shareholders to do the same until a fair share of the value created by the combined enterprise is offered [7][8]

Michael (Mike) Dion is an FP&A, Corporate Finance, and Small Business expert who spent the last 12 years working in the Fortune 100, building a startup's finance and accounting department, advising small businesses, and guiding non-profit organizations as a board member. He has finance experience across multiple industries, including Telecom, Media and Entertainment, Hospitality, and Construction. He founded F9 Finance, a website that helps Finance professionals accelerate their careers; and simplifies Fina ...

DENVER, Oct. 16, 2024 /PRNewswire/ -- Frontier Group Holdings, Inc. (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., will be releasing third quarter 2024 financial results before market open on Tuesday, October 29, 2024. Management will host a live webcast with analysts to discuss these results the same day at 11:30am ET. The webcast will be available to the public on a listen-only basis at http://ir.flyfrontier.com. An archive of the call will be available on the company's website for 30 days. Ab ...