Frontier Group Holdings, Inc. reported financial results for the second quarter ended June 30, 2026, delivering record total operating revenues of $1.279 billion, a 38 percent increase year-over-year. The company reported a GAAP net loss of $90 million, or $0.39 per diluted share, compared to a $70 million loss in the prior year period. Adjusted non-GAAP net income was a loss of $22 million, or $0.10 per share, significantly better than guidance and excluding a $70 million charge related to an Early Return Agreement for 24 aircraft. Revenue per available seat mile (RASM) rose 28 percent to 11.52 cents, while capacity increased 8 percent. The company ended the quarter with $1.16 billion in total liquidity and provided forward guidance for Q3 adjusted EPS between a loss of $0.10 and a gain of $0.10. Frontier Group Holdings operates as an ultra-low-cost carrier in the U.S. airline industry.
