Frontier Group (ULCC) Revenue & Revenue Breakdown
Frontier Group Revenue Highlights
Latest Revenue (Y)
$3.59B
Latest Revenue (Q)
$865.00M
Main Segment (Y)
Passenger
Frontier Group Revenue by Period
Frontier Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $3.59B | 7.91% |
| 2022-12-31 | $3.33B | 61.46% |
| 2021-12-31 | $2.06B | 64.80% |
| 2020-12-31 | $1.25B | -50.16% |
| 2019-12-31 | $2.51B | 16.33% |
| 2018-12-31 | $2.16B | 25.79% |
| 2016-12-31 | $1.71B | 6.86% |
| 2015-12-31 | $1.60B | 0.69% |
| 2014-12-31 | $1.59B | - |
Frontier Group generated $3.59B in revenue during NA 2023, up 7.91% compared to the previous quarter, and up 166.47% compared to the same period a year ago.
Frontier Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $865.00M | -2.92% |
| 2023-12-31 | $891.00M | 0.91% |
| 2023-09-30 | $883.00M | -8.69% |
| 2023-06-30 | $967.00M | 14.03% |
| 2023-03-31 | $848.00M | -6.40% |
| 2022-12-31 | $906.00M | - |
| 2022-09-30 | $906.00M | -0.33% |
| 2022-06-30 | $909.00M | 50.25% |
| 2022-03-31 | $605.00M | -0.66% |
| 2021-12-31 | $609.00M | -3.33% |
| 2021-09-30 | $630.00M | 14.55% |
| 2021-06-30 | $550.00M | 102.95% |
| 2021-03-31 | $271.00M | 1.50% |
| 2020-12-31 | $267.00M | 8.98% |
| 2020-09-30 | $245.00M | 26.29% |
| 2020-06-30 | $194.00M | -64.34% |
| 2020-03-31 | $544.00M | -16.95% |
| 2019-12-31 | $655.00M | 52.33% |
| 2017-03-31 | $430.00M | 16.85% |
| 2016-03-31 | $368.00M | - |
Frontier Group generated $865.00M in revenue during Q1 2024, up -2.92% compared to the previous quarter, and up 95.47% compared to the same period a year ago.
Frontier Group Revenue Breakdown
Frontier Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Passenger Seat Selection | $281.00M | $251.00M | $170.00M |
| Product and Service, Other | $80.00M | $78.00M | $60.00M |
| Passenger | $3.51B | $3.25B | $2.00B |
| Passenger Service Fees | $943.00M | $817.00M | $521.00M |
| Aircraft Fare | $1.28B | $1.38B | $806.00M |
| Non-Fare Passenger Revenue | $2.23B | $1.87B | $1.19B |
| Other Passenger Revenue | $128.00M | $57.00M | $46.00M |
| Passenger Baggage | $880.00M | $741.00M | $457.00M |
Frontier Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Passenger (37.61%), Non-Fare Passenger Revenue (23.92%), Aircraft Fare (13.69%), Passenger Service Fees (10.11%), Passenger Baggage (9.43%), Passenger Seat Selection (3.01%), Other Passenger Revenue (1.37%), and Product and Service, Other (0.86%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Fare Passenger Revenue | $521.00M | $561.00M | $560.00M | $584.00M | $527.00M | $540.00M | $497.00M | $470.00M | $359.00M | $354.00M | $356.00M | $322.00M | $162.00M |
| Product and Service, Other | $20.00M | $19.00M | $21.00M | $22.00M | $18.00M | $19.00M | $23.00M | $19.00M | $17.00M | $17.00M | $20.00M | $14.00M | $9.00M |
| Passenger | $845.00M | $872.00M | $862.00M | $945.00M | $830.00M | $887.00M | $883.00M | $890.00M | $588.00M | $592.00M | $610.00M | $536.00M | $262.00M |
| Passenger Service Fees | $216.00M | $237.00M | $244.00M | $245.00M | $217.00M | $234.00M | $220.00M | $201.00M | $162.00M | $153.00M | $164.00M | $142.00M | $62.00M |
| Passenger Seat Selection | $64.00M | $70.00M | $65.00M | $74.00M | $72.00M | $68.00M | $61.00M | $68.00M | $54.00M | $52.00M | $47.00M | $47.00M | $24.00M |
| Passenger Baggage | $204.00M | $216.00M | $211.00M | $232.00M | $221.00M | $223.00M | $202.00M | $186.00M | $130.00M | $136.00M | $131.00M | $123.00M | $67.00M |
| Other Passenger Revenue | $37.00M | $38.00M | $40.00M | $33.00M | $17.00M | $15.00M | $14.00M | $15.00M | $13.00M | $13.00M | $14.00M | $10.00M | $9.00M |
| Aircraft Fare | $324.00M | $311.00M | $302.00M | $361.00M | $303.00M | $347.00M | $386.00M | $420.00M | $229.00M | $238.00M | $254.00M | $214.00M | $100.00M |
Frontier Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Passenger (37.88%), Non-Fare Passenger Revenue (23.35%), Aircraft Fare (14.52%), Passenger Service Fees (9.68%), Passenger Baggage (9.14%), Passenger Seat Selection (2.87%), Other Passenger Revenue (1.66%), and Product and Service, Other (0.90%).
Frontier Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| DAL | Delta Air Lines | $58.05B | $16.66B |
| UAL | United Airlines | $53.72B | $14.99B |
| LUV | Southwest Airlines | $26.09B | $6.33B |
| ALK | Alaska Air Group | $10.43B | $2.90B |
| JBLU | JetBlue Airways | $9.62B | $2.43B |
| SAVE | Spirit Airlines | $5.36B | $1.28B |
| ULCC | Frontier Group | $3.59B | $865.00M |
| CPA | Copa | $3.46B | $893.47M |
| SKYW | SkyWest | $2.94B | $867.12M |
| ALGT | Allegiant Travel Company | $2.51B | $666.28M |
| ATSG | Air Transport Services Group | $2.07B | $488.41M |
| SNCY | Sun Country Airlines | $1.05B | $254.38M |
| AAL | American Airlines Group | - | $14.33B |
ULCC Revenue FAQ
What is Frontier Group’s yearly revenue?
Frontier Group's yearly revenue for 2023 was $3.59B, representing an increase of 7.91% compared to 2022. The company's yearly revenue for 2022 was $3.33B, representing an increase of 61.46% compared to 2021. ULCC's yearly revenue for 2021 was $2.06B, representing an increase of 64.80% compared to 2020.
What is Frontier Group’s quarterly revenue?
Frontier Group's quarterly revenue for Q1 2024 was $865M, a -2.92% decrease from the previous quarter (Q4 2023), and a 2.00% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $891M, a 0.91% increase from the previous quarter (Q3 2023), and a -1.66% decrease year-over-year (Q4 2022). ULCC's quarterly revenue for Q3 2023 was $883M, a -8.69% decrease from the previous quarter (Q2 2023), and a -2.54% decrease year-over-year (Q3 2022).
What is Frontier Group’s revenue growth rate?
Frontier Group's revenue growth rate for the last 3 years (2021-2023) was 74.22%, and for the last 5 years (2019-2023) was 43.10%.
What are Frontier Group’s revenue streams?
Frontier Group's revenue streams in c 23 are Passenger Seat Selection, Product and Service, Other, Passenger, Passenger Service Fees, Aircraft Fare, Non-Fare Passenger Revenue, Other Passenger Revenue, and Passenger Baggage. Passenger Seat Selection generated $281M in revenue, accounting 3.01% of the company's total revenue, up 11.95% year-over-year. Product and Service, Other generated $80M in revenue, accounting 0.86% of the company's total revenue, up 2.56% year-over-year. Passenger generated $3.51B in revenue, accounting 37.61% of the company's total revenue, up 8.04% year-over-year. Passenger Service Fees generated $943M in revenue, accounting 10.11% of the company's total revenue, up 15.42% year-over-year. Aircraft Fare generated $1.28B in revenue, accounting 13.69% of the company's total revenue, down -7.60% year-over-year. Non-Fare Passenger Revenue generated $2.23B in revenue, accounting 23.92% of the company's total revenue, up 19.61% year-over-year. Other Passenger Revenue generated $128M in revenue, accounting 1.37% of the company's total revenue, up 124.56% year-over-year. Passenger Baggage generated $880M in revenue, accounting 9.43% of the company's total revenue, up 18.76% year-over-year.
What is Frontier Group’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Frontier Group was Passenger. This segment made a revenue of $3.51B, representing 37.61% of the company's total revenue.