ULCC Frontier Group Holdings, Inc. - Common Stock
NASDAQ · Airlines · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026
$6.19
· of 52w range
· above low
· to high
$3.0252w low
$8.4152w high
Market Cap (MRQ)
$1.42B
P/E (TTM)
-3.7
EPS (TTM)
$-1.67
Revenue (TTM)
$4.15B
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52W Range
$3–$8
Analyst Rating
HOLD
Price Target
$7
P/E
-3.7
ROE
-120.2%
Net Profit Margin
-9.3%
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ULCC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$6.19
Market Cap (MRQ)
$1.42B
P/E (TTM)
-3.7
EPS (TTM)
$-1.67
Revenue (TTM)
$4.15B
ROE (TTM)
-120.2%
Debt/Equity (MRQ)
3.7
52W Range
$3–$8
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$3.72B2019-12-31 → 2025-12-31
EPS$-0.602019-12-31 → 2025-12-31
Free Cash Flow$-600M2021-12-31 → 2025-12-31
Net margin-9.3%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ULCC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -3.75Y avg ≈-37.3 | ≈-37.3 | · | · | |
| P/S (TTM) | 0.35Y avg ≈0.6 | ≈0.6 | 0.5 | Fair value | |
| P/B (MRQ) | 10.55Y avg ≈3.4 | ≈3.4 | 2.3 | Overvalued | |
| EV / EBITDA | -9.25Y avg ≈-81.2 | ≈-81.2 | · | · | |
| Price / FCF (TTM) | -8.75Y avg ≈-3.8 | ≈-3.8 | · | · | |
| Price / Cash Flow (TTM) | -12.45Y avg ≈-8.3 | ≈-8.3 | · | · | |
| EV / Revenue | 0.45Y avg ≈0.5 | ≈0.5 | · | · | |
| EV / FCF | -2.35Y avg ≈-3.4 | ≈-3.4 | · | · | |
| Price / Tangible Book (MRQ) | 13.15Y avg ≈3.6 | ≈3.6 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | ULCC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -9.8%5Y avg ≈-1.9% | ≈-1.9% | -4.1% | Weak | |
| EBITDA Margin | -4.0%5Y avg ≈-1.9% | ≈-1.9% | 0.96% | Weak | |
| Pretax Margin (TTM) | -9.6%5Y avg ≈-1.8% | ≈-1.8% | -5.3% | Weak | |
| Net Profit Margin (TTM) | -9.3%5Y avg ≈-1.6% | ≈-1.6% | -1.9% | Weak | |
| ROA (TTM) | -5.6%5Y avg ≈-0.84% | ≈-0.84% | -1.0% | Weak | |
| ROE (TTM) | -120.2%5Y avg ≈-8.2% | ≈-8.2% | 2.5% | Weak | |
| ROIC | -13.8%5Y avg ≈-4.2% | ≈-4.2% | 2.2% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | ULCC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 3.75Y avg ≈0.9 | ≈0.9 | 0.7 | High debt | |
| Current Ratio (MRQ) | 0.65Y avg ≈0.6 | ≈0.6 | 0.6 | In line | |
| Quick Ratio | 0.45Y avg ≈0.5 | ≈0.5 | 0.5 | In line | |
| Long-Term Debt / Equity (MRQ) | 2.25Y avg ≈0.5 | ≈0.5 | 0.5 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | ULCC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -1.4%5Y avg ≈27.6% | ≈27.6% | · | · | |
| Revenue CAGR 3Y | 3.8%5Y avg ≈22.8% | ≈22.8% | · | · | |
| Revenue CAGR 5Y | 24.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | ULCC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.7 | ≈0.7 | 0.6 | Weak | |
| Receivables Turnover | 47.15Y avg ≈46.4 | ≈46.4 | 30.2 | Top tier | |
| Revenue / Employee | ≈$445.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
15.3%
Next Report
Nov 03, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $-0.10 | $-0.49 | 79.7% |
| March 31, 2026 | $-0.30 | $-0.37 | 18.7% | |
| Dec. 31, 2025 | $0.23 | $0.12 | 92.3% | |
| Sept. 30, 2025 | $-0.34 | $-0.36 | 5.9% | |
| June 30, 2025 | $-0.31 | $-0.26 | -19.7% | |
| March 31, 2025 | $-0.19 | $-0.10 | -85.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.72B | $3.77B | $3.59B | $3.33B | $2.06B | $1.25B | $2.51B | |
| Operating Expenses | $3.87B | $3.72B | $3.59B | $3.37B | $2.18B | $1.61B | $2.20B | |
| Operating Income | $-149M | $58M | $-3M | $-45M | $-117M | $-365M | $309M | |
| Interest Income | $26M | $32M | $36M | $10M | $2M | $5M | $16M | |
| Other Non-op | $15M | $28M | $35M | $0 | $-27M | $-7M | $16M | |
| Pretax Income | $-134M | $86M | $32M | $-45M | $-144M | $-372M | $325M | |
| Income Tax | $3M | $1M | $43M | $-8M | $-42M | $-147M | $74M | |
| Net Income | $-137M | $85M | $-11M | $-37M | $-102M | $-225M | $251M | |
| EPS (Basic) | $-0.60 | $0.37 | $-0.05 | $-0.17 | $-0.48 | $-1.13 | $1.19 | |
| EPS (Diluted) | $-0.60 | $0.37 | $-0.05 | $-0.17 | $-0.48 | $-1.13 | $1.19 | |
| Shares (Basic) | 227,773,074 | 224,333,034 | 220,097,989 | 217,601,373 | 211,436,542 | 199,260,410 | 199,141,090 | |
| Shares (Diluted) | 227,773,074 | 226,492,134 | 220,097,989 | 217,601,373 | 211,436,542 | 199,260,410 | 199,593,100 | |
| EBITDA | $-149M | $58M | $-3M | $-45M | $-117M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $671M | $740M | $609M | $761M | $918M | $378M | · | |
| Receivables | $85M | $73M | $93M | $90M | $50M | $28M | · | |
| Prepaid Expense | $26M | $18M | $21M | $20M | $14M | $24M | · | |
| Other Current Assets | $112M | $98M | $90M | $114M | $40M | $226M | · | |
| Current Assets | $958M | $990M | $871M | $1.02B | $1.04B | $650M | · | |
| PP&E (Net) | $510M | $376M | $309M | $226M | $186M | $176M | · | |
| Accum. Depreciation | $333M | $252M | $183M | $151M | $130M | $107M | · | |
| Intangibles | $27M | $27M | $28M | $28M | $29M | $29M | · | |
| Other Non-current Assets | $491M | $426M | $330M | $265M | $199M | $143M | · | |
| Total Assets | $7.22B | $6.15B | $4.99B | $4.50B | $4.24B | $3.55B | · | |
| Accounts Payable | $130M | $115M | $134M | $89M | $86M | $71M | · | |
| Current Liabilities | $2.10B | $1.85B | $1.66B | $1.55B | $1.33B | $1.00B | · | |
| Capital Leases | $4.07B | $3.30B | $2.44B | $2.03B | $1.99B | $1.85B | · | |
| Deferred Tax | · | · | · | · | $0 | $9M | · | |
| Other Non-current Liabilities | $199M | $123M | $134M | $97M | $60M | $96M | · | |
| Total Liabilities | $6.73B | $5.55B | $4.49B | $3.99B | $3.71B | $3.24B | · | |
| Long-term Debt | $620M | $507M | $474M | $431M | $423M | $348M | · | |
| Total Debt | $614M | $502M | $470M | $429M | $414M | · | · | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | · | |
| Paid-in Capital | $437M | $414M | $403M | $393M | $381M | $60M | · | |
| Retained Earnings | $59M | $196M | $111M | $122M | $159M | $261M | · | |
| AOCI | $-5M | $-6M | $-7M | $-6M | $-10M | $-11M | · | |
| Stockholders' Equity | $491M | $604M | $507M | $509M | $530M | $310M | $542M | |
| Liabilities + Equity | $7.22B | $6.15B | $4.99B | $4.50B | $4.24B | $3.55B | · | |
| Shares Outstanding | 229,010,827 | 225,440,496 | 222,998,790 | 217,875,890 | 217,065,096 | 199,438,098 | 199,242,854 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $91M | $72M | $50M | $45M | $38M | $33M | $46M | |
| Stock-based Comp | $21M | $16M | $14M | $15M | $11M | $8M | $8M | |
| Deferred Tax | $3M | $0 | $43M | $-8M | $-32M | $-14M | $52M | |
| Amort. of Intangibles | $0 | $1M | $0 | $1M | $0 | $1M | $1M | |
| Operating Cash Flow | $-525M | $-82M | $-261M | $-78M | $216M | $-557M | $171M | |
| CapEx | $75M | $76M | $51M | $41M | $27M | $16M | $45M | |
| Investing Cash Flow | $-99M | $-75M | $-90M | $-154M | $-67M | $11M | $-62M | |
| Debt Issued | · | · | · | $273M | $163M | $236M | $170M | |
| Net Debt Issued | $-380M | $-447M | $-131M | $7M | $66M | · | · | |
| Dividends Paid | · | $0 | $1M | $1M | $0 | $0 | $159M | |
| Financing Cash Flow | $555M | $288M | $199M | $75M | $391M | $156M | $-39M | |
| Net Change in Cash | $-69M | $131M | $-152M | $-157M | $540M | $-390M | $70M | |
| Taxes Paid | $1M | $1M | $1M | $1M | $-158M | $9M | $56M | |
| Free Cash Flow | $-600M | $-158M | $-312M | $-119M | $189M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -4.0% | 1.5% | -0.08% | -1.4% | -5.7% | · | · | |
| Net Margin | -3.7% | 2.2% | -0.31% | -1.1% | -5.0% | · | · | |
| Pretax Margin | -3.6% | 2.3% | 0.89% | -1.4% | -7.0% | · | · | |
| EBITDA Margin | -4.0% | 1.5% | -0.08% | -1.4% | -5.7% | · | · | |
| ROA | -2.1% | 1.5% | -0.23% | -0.85% | -2.6% | · | · | |
| ROE | -27.5% | 14.7% | -2.1% | -7.6% | -18.4% | · | · | |
| ROIC | -13.8% | 5.2% | 0.11% | -3.9% | -8.8% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.5 | 0.5 | 0.7 | 0.8 | · | · | |
| Quick Ratio | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 | · | · | |
| Debt / Equity | 1.3 | 0.8 | 0.9 | 0.8 | 0.8 | · | · | |
| LT Debt / Equity | 0.6 | 0.4 | 0.4 | 0.5 | 0.5 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.7 | 0.8 | 0.8 | 0.5 | · | · | |
| Receivables Turnover | 47.1 | 45.5 | 39.2 | 47.5 | 52.8 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.14 | $2.68 | $2.27 | $2.34 | $2.44 | · | · | |
| Revenue / Share | $16.35 | $16.67 | $16.31 | $15.28 | $9.74 | · | · | |
| Cash Flow / Share | $-2.30 | $-0.36 | $-1.19 | $-0.36 | $1.02 | · | · | |
| Cash / Share | $2.93 | $3.28 | $2.73 | $3.49 | $4.23 | · | · | |
| Dividend / Share | · | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | |
| EPS (TTM) | $-0.60 | $0.37 | $-0.05 | $-0.17 | $-0.48 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -1.4% | 5.2% | 7.9% | 61.5% | 64.8% | · | · | |
| Revenue CAGR 3Y | 3.8% | 22.4% | 42.1% | · | · | · | · | |
| Revenue CAGR 5Y | 24.4% | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.72B | $3.77B | $3.59B | $3.33B | $2.06B | · | · | |
| Net Income TTM | $-137M | $85M | $-11M | $-37M | $-102M | · | · | |
| Market Cap | $1.08B | $1.60B | $1.22B | $2.24B | $2.95B | · | · | |
| Enterprise Value | $1.02B | $1.36B | $1.08B | $1.91B | $2.44B | · | · | |
| P/E | -7.8 | 19.2 | -109.2 | -60.4 | -28.3 | · | · | |
| P/S | 0.3 | 0.4 | 0.3 | 0.7 | 1.4 | · | · | |
| P/B | 2.2 | 2.7 | 2.4 | 4.4 | 5.6 | · | · | |
| P / Tangible Book | 2.3 | 2.8 | 2.5 | 4.7 | 5.9 | · | · | |
| P / Cash Flow | -2.1 | -19.5 | -4.7 | -28.7 | 13.6 | · | · | |
| P / FCF | -1.8 | -10.1 | -3.9 | -18.8 | 15.6 | · | · | |
| EV / EBITDA | -6.9 | 23.5 | -359.5 | -42.3 | -20.9 | · | · | |
| EV / FCF | -1.7 | -8.6 | -3.5 | -16.0 | 12.9 | · | · | |
| EV / Revenue | 0.3 | 0.4 | 0.3 | 0.6 | 1.2 | · | · | |
| Dividend Yield | · | 0.00% | 0.08% | 0.04% | 0.00% | · | · | |
| Earnings Yield | -12.7% | 5.2% | -0.92% | -1.7% | -3.5% | · | · | |
| Payout Ratio | · | 0.00% | · | · | 0.00% | · | · | |
| Annual Payout | · | $0 | $1M | $1M | $0 | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $992M | $997M | $886M | $929M | $912M | $1.00B | $935M | $973M | $865M | $891M | $883M | $967M | $848M | $906M | $906M | |
| Operating Expenses | $1.38B | $1.27B | $948M | $963M | $1.00B | $958M | $957M | $916M | $948M | $896M | $894M | $937M | $888M | $873M | $861M | $850M | |
| Operating Income | $-97M | $-283M | $49M | $-77M | $-75M | $-46M | $45M | $19M | $25M | $-31M | $-3M | $-54M | $79M | $-25M | $45M | $56M | |
| Interest Income | $7M | $6M | $6M | $6M | $7M | $7M | $7M | $10M | $8M | $7M | $8M | $10M | $10M | $8M | $5M | $3M | |
| Other Non-op | $3M | $2M | $3M | $1M | $5M | $6M | $6M | $8M | $7M | $7M | $9M | $9M | $9M | $8M | $5M | $2M | |
| Pretax Income | $-94M | $-281M | $52M | $-76M | $-70M | $-40M | $51M | $27M | $32M | $-24M | $6M | $-45M | $88M | $-17M | $50M | $58M | |
| Income Tax | $-4M | $-9M | $-1M | $1M | $0 | $3M | $-3M | $1M | $1M | $2M | $43M | $-13M | $17M | $-4M | $10M | $27M | |
| Net Income | $-90M | $-272M | $53M | $-77M | $-70M | $-43M | $54M | $26M | $31M | $-26M | $-37M | $-32M | $71M | $-13M | $40M | $31M | |
| EPS (Basic) | $-0.39 | $-1.18 | $0.24 | $-0.34 | $-0.31 | $-0.19 | $0.24 | $0.11 | $0.14 | $-0.12 | $-0.17 | $-0.14 | $0.32 | $-0.06 | $0.20 | $0.13 | |
| EPS (Diluted) | $-0.39 | $-1.18 | $0.24 | $-0.34 | $-0.31 | $-0.19 | $0.24 | $0.11 | $0.14 | $-0.12 | $-0.16 | $-0.14 | $0.31 | $-0.06 | $0.20 | $0.13 | |
| Shares (Basic) | 229,978,266 | 229,416,506 | · | 228,174,036 | 227,941,534 | 226,990,750 | · | 224,484,159 | 224,214,030 | 223,428,610 | · | 220,837,983 | 219,402,647 | 218,181,386 | · | 217,720,426 | |
| Shares (Diluted) | 229,978,266 | 229,416,506 | · | 228,174,036 | 227,941,534 | 226,990,750 | · | 225,716,252 | 226,603,798 | 223,428,610 | · | 220,837,983 | 220,425,659 | 218,181,386 | · | 219,878,940 | |
| EBITDA | $-97M | $-283M | · | $-77M | $-75M | $-46M | · | $19M | $25M | $-31M | · | $-54M | $79M | $-25M | · | $56M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $955M | $772M | $671M | $566M | $563M | $686M | $740M | $576M | $658M | $622M | · | $640M | $780M | $790M | · | $674M | |
| Receivables | $147M | $118M | $85M | $93M | $98M | $89M | $73M | $147M | $95M | $98M | · | $109M | $91M | $96M | · | $65M | |
| Prepaid Expense | $35M | $32M | $26M | $24M | $20M | $22M | $18M | $19M | $18M | $19M | · | $29M | $23M | $27M | · | $25M | |
| Other Current Assets | $113M | $102M | $112M | $98M | $85M | $97M | $98M | $111M | $116M | $108M | · | $112M | $78M | $99M | · | $99M | |
| Current Assets | $1.31B | $1.10B | $958M | $847M | $832M | $953M | $990M | $910M | $947M | $903M | · | $936M | $1.01B | $1.04B | · | $892M | |
| PP&E (Net) | $474M | $485M | $510M | $492M | $458M | $396M | $376M | $367M | $350M | $330M | · | $282M | $260M | $242M | · | $213M | |
| Accum. Depreciation | · | · | $333M | · | · | · | $252M | · | · | · | · | · | · | · | · | · | |
| Intangibles | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | · | $28M | $28M | $28M | · | $28M | |
| Other Non-current Assets | $420M | $425M | $491M | $505M | $471M | $448M | $426M | $409M | $384M | $348M | · | $349M | $308M | $302M | · | $258M | |
| Total Assets | $7.24B | $7.02B | $7.22B | $6.70B | $6.52B | $6.48B | $6.15B | $5.83B | $5.69B | $5.21B | · | $4.93B | $4.71B | $4.67B | · | $4.25B | |
| Accounts Payable | $95M | $115M | $130M | $159M | $169M | $120M | $115M | $128M | $137M | $131M | · | $109M | $91M | $79M | · | $78M | |
| Current Liabilities | $2.24B | $2.24B | $2.10B | $2.11B | $2.04B | $1.94B | $1.85B | $1.72B | $1.82B | $1.80B | · | $1.69B | $1.65B | $1.68B | · | $1.45B | |
| Capital Leases | $3.98B | $3.87B | $4.07B | $3.65B | $3.61B | $3.60B | $3.30B | $3.13B | $3.02B | $2.56B | · | $2.32B | $2.16B | $2.15B | · | $1.97B | |
| Other Non-current Liabilities | $507M | $297M | $199M | $170M | $95M | $95M | $123M | $114M | $110M | $125M | · | $128M | $115M | $106M | · | $92M | |
| Total Liabilities | $7.11B | $6.79B | $6.73B | $6.27B | $6.02B | $5.91B | $5.55B | $5.28B | $5.17B | $4.72B | · | $4.39B | $4.14B | $4.18B | · | $3.78B | |
| Long-term Debt | $511M | $588M | $620M | $673M | $565M | $512M | $502M | $474M | $455M | $469M | · | $490M | $433M | $429M | · | $423M | |
| Total Debt | $506M | $583M | · | $668M | $560M | $507M | · | $469M | $452M | $466M | · | $486M | $430M | $427M | · | $421M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Paid-in Capital | $444M | $440M | $437M | $434M | $429M | $423M | $414M | $414M | $411M | $406M | · | $399M | $396M | $392M | · | $389M | |
| Retained Earnings | $-303M | $-213M | $59M | $6M | $83M | $153M | $196M | $142M | $116M | $85M | · | $148M | $180M | $109M | · | $82M | |
| AOCI | $-5M | $-5M | $-5M | $-6M | $-6M | $-6M | $-6M | $-7M | $-7M | $-7M | · | $-6M | $-10M | $-13M | · | $-3M | |
| Stockholders' Equity | $136M | $222M | $491M | $434M | $506M | $570M | $604M | $549M | $520M | $484M | $507M | $541M | $566M | $488M | $509M | $468M | |
| Liabilities + Equity | $7.24B | $7.02B | $7.22B | $6.70B | $6.52B | $6.48B | $6.15B | $5.83B | $5.69B | $5.21B | · | $4.93B | $4.71B | $4.67B | · | $4.25B | |
| Shares Outstanding | 230,198,520 | 229,732,124 | 229,010,827 | 228,229,561 | 228,134,548 | 227,740,207 | 225,440,496 | 224,518,145 | 224,471,666 | 223,886,304 | 222,998,790 | 221,054,287 | 220,677,393 | 218,503,854 | 217,875,890 | 217,762,284 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $56M | $62M | $26M | $24M | $21M | $20M | $19M | $19M | $18M | $16M | $14M | $13M | $12M | $11M | $9M | $8M | |
| Stock-based Comp | $4M | $5M | $5M | $5M | $6M | $5M | $4M | $3M | $5M | $4M | $4M | $3M | $3M | $4M | $4M | $4M | |
| Deferred Tax | $-3M | $-9M | $-1M | $1M | $0 | $3M | $-3M | $0 | $1M | $2M | $43M | $-13M | $17M | $-4M | $10M | $27M | |
| Operating Cash Flow | $151M | $40M | $-91M | $-215M | $-133M | $-86M | $87M | $-156M | $9M | $-22M | $-54M | $-173M | $-9M | $-25M | $94M | $-105M | |
| CapEx | $13M | $12M | $22M | $2M | $33M | $18M | $14M | $14M | $31M | $17M | $14M | $14M | $12M | $11M | $10M | $17M | |
| Investing Cash Flow | $47M | $33M | $59M | $-45M | $-84M | $-29M | $-29M | $-12M | $-27M | $-7M | $1M | $-58M | $-43M | $10M | $-37M | $-60M | |
| Net Debt Issued | · | $-83M | · | · | · | $-28M | · | · | · | $-74M | · | · | · | $-38M | · | · | |
| Financing Cash Flow | $-15M | $28M | $137M | $263M | $94M | $61M | $106M | $86M | $54M | $42M | $22M | $91M | $42M | $44M | $30M | $73M | |
| Net Change in Cash | $183M | $101M | $105M | $3M | $-123M | $-54M | $164M | $-82M | $36M | $13M | $-31M | $-140M | $-10M | $29M | $87M | $-92M | |
| Free Cash Flow | · | $28M | · | · | · | $-104M | · | · | · | $-39M | · | · | · | $-36M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -7.6% | -28.5% | · | -8.7% | -8.1% | -5.0% | · | 2.0% | 2.6% | -3.6% | · | -6.1% | 8.2% | -2.9% | · | 6.2% | |
| Net Margin | -7.0% | -27.4% | · | -8.7% | -7.5% | -4.7% | · | 2.8% | 3.2% | -3.0% | · | -3.6% | 7.3% | -1.5% | · | 3.4% | |
| Pretax Margin | -7.3% | -28.3% | · | -8.6% | -7.5% | -4.4% | · | 2.9% | 3.3% | -2.8% | · | -5.1% | 9.1% | -2.0% | · | 6.4% | |
| EBITDA Margin | -7.6% | -28.5% | · | -8.7% | -8.1% | -5.0% | · | 2.0% | 2.6% | -3.6% | · | -6.1% | 8.2% | -2.9% | · | 6.2% | |
| ROA | -1.3% | -4.0% | · | -1.2% | -1.1% | -0.74% | · | 0.48% | 0.60% | -0.53% | · | -0.70% | 1.6% | -0.30% | · | 0.73% | |
| ROE | -28.0% | -68.7% | · | -15.7% | -13.7% | -8.2% | · | 4.8% | 5.7% | -5.3% | · | -6.3% | 14.3% | -2.9% | · | 5.9% | |
| ROIC | -14.5% | -34.0% | · | -7.1% | -7.0% | -4.6% | · | 1.8% | 2.5% | -3.5% | · | -3.7% | 6.4% | -2.1% | · | 3.4% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.5 | · | 0.4 | 0.4 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | |
| Quick Ratio | 0.5 | 0.4 | · | 0.3 | 0.3 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.5 | |
| Debt / Equity | 3.7 | 2.6 | · | 1.5 | 1.1 | 0.9 | · | 0.9 | 0.9 | 1.0 | · | 0.9 | 0.8 | 0.9 | · | 0.9 | |
| LT Debt / Equity | 2.2 | 1.5 | · | 0.7 | 0.5 | 0.4 | · | 0.5 | 0.4 | 0.4 | · | 0.4 | 0.3 | 0.4 | · | 0.5 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | · | 0.1 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Receivables Turnover | 10.4 | 9.6 | · | 7.4 | 9.6 | 9.8 | · | 7.3 | 10.5 | 8.9 | · | 10.1 | 12.6 | 10.9 | · | 15.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $0.59 | $0.97 | · | $1.90 | $2.22 | $2.50 | · | $2.45 | $2.32 | $2.16 | · | $2.45 | $2.56 | $2.23 | · | $2.15 | |
| Revenue / Share | $5.56 | $4.32 | · | $3.88 | $4.08 | $4.02 | · | $4.14 | $4.29 | $3.87 | · | $4.00 | $4.39 | $3.89 | · | $4.12 | |
| Cash Flow / Share | · | $0.17 | · | · | · | $-0.38 | · | · | · | $-0.10 | · | · | · | $-0.11 | · | · | |
| Cash / Share | $4.15 | $3.36 | · | $2.48 | $2.47 | $3.01 | · | $2.57 | $2.93 | $2.78 | · | $2.90 | $3.53 | $3.62 | · | $3.10 | |
| EPS (TTM) | $-1.67 | $-1.59 | · | $-0.60 | $-0.15 | $0.30 | · | $-0.03 | $-0.28 | $-0.11 | · | $0.31 | $0.58 | $0.33 | · | $-0.57 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.15B | $3.80B | · | $3.73B | $3.78B | $3.82B | · | $3.66B | $3.61B | $3.61B | · | $3.60B | $3.63B | $3.57B | · | $3.03B | |
| Net Income TTM | $-386M | $-366M | · | $-136M | $-33M | $68M | · | $-6M | $-64M | $-24M | · | $66M | $129M | $71M | · | $-130M | |
| Market Cap | $1.82B | $811M | · | $1.01B | $828M | $988M | · | $1.20B | $1.11B | $1.82B | · | $1.07B | $2.13B | $2.15B | · | $2.11B | |
| Enterprise Value | $1.37B | $622M | · | $1.11B | $825M | $809M | · | $1.09B | $901M | $1.66B | · | $916M | $1.78B | $1.79B | · | $1.86B | |
| P/E | -4.7 | -2.2 | · | -7.4 | -24.2 | 14.5 | · | -178.3 | -17.6 | -73.7 | · | 15.6 | 16.7 | 29.8 | · | -17.0 | |
| P/S | 0.4 | 0.2 | · | 0.3 | 0.2 | 0.3 | · | 0.3 | 0.3 | 0.5 | · | 0.3 | 0.6 | 0.6 | · | 0.7 | |
| P/B | 13.4 | 3.7 | · | 2.3 | 1.6 | 1.7 | · | 2.2 | 2.1 | 3.8 | · | 2.0 | 3.8 | 4.4 | · | 4.5 | |
| P / Tangible Book | 16.7 | 4.2 | · | 2.5 | 1.7 | 1.8 | · | 2.3 | 2.2 | 4.0 | · | 2.1 | 4.0 | 4.7 | · | 4.8 | |
| P / Cash Flow | · | 20.3 | · | · | · | -11.5 | · | · | · | -82.5 | · | · | · | -86.0 | · | · | |
| EV / Revenue | 0.3 | 0.2 | · | 0.3 | 0.2 | 0.2 | · | 0.3 | 0.2 | 0.5 | · | 0.3 | 0.5 | 0.5 | · | 0.6 | |
| Earnings Yield | -21.1% | -45.0% | · | -13.6% | -4.1% | 6.9% | · | -0.56% | -5.7% | -1.4% | · | 6.4% | 6.0% | 3.4% | · | -5.9% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $3.72B | $3.77B | $3.59B | $3.33B | $2.06B |
| Operating Margin % | -4.0% | 1.5% | -0.08% | -1.4% | -5.7% |
| Net Income | $-137M | $85M | $-11M | $-37M | $-102M |
| Diluted EPS | $-0.60 | $0.37 | $-0.05 | $-0.17 | $-0.48 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 1.3 | 0.8 | 0.9 | 0.8 | 0.8 |
| Current Ratio | 0.5 | 0.5 | 0.5 | 0.7 | 0.8 |
| Quick Ratio | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-600M | $-158M | $-312M | $-119M | $189M |
Institutional owners (13F) 203 filers · $1.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
203
Value held
$1.1B
New positions
46
Exited positions
21
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 46 (+13 vs prior Q) | 21 (-2 vs prior Q) | 69 (+28 vs prior Q) | 48 (-20 vs prior Q) | +10.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Indigo Partners LLC | $253,847,775 | 32,092,007 | 22.95% | Shares |
| Wildcat Capital Management, LLC | $221,965,286 | 28,061,351 | 20.07% | Shares |
| BlackRock, Inc. | $47,204,772 | 5,967,733 | 4.27% | Shares |
| U S GLOBAL INVESTORS INC | $38,874,921 | 4,914,655 | 3.52% | Shares |
| TWO SIGMA INVESTMENTS, LP | $37,031,171 | 4,681,564 | 3.35% | Shares |
| VANGUARD GROUP INC | $35,761,160 | 7,592,603 | 3.23% | Shares |
| MARSHALL WACE, LLP | $33,260,609 | 4,204,881 | 3.01% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $28,904,516 | 3,654,174 | 2.61% | Shares |
| JANE STREET GROUP, LLC | $28,233,440 | 3,569,335 | 2.55% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $26,685,366 | 3,373,624 | 2.41% | Shares |
| MILLENNIUM MANAGEMENT LLC | $22,764,988 | 2,878,001 | 2.06% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $19,765,785 | 2,499,595 | 1.79% | Shares |
| STATE STREET CORP | $19,099,462 | 2,414,597 | 1.73% | Shares |
| Ancient Art, L.P. | $18,945,391 | 2,395,119 | 1.71% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $15,145,202 | 1,914,167 | 1.37% | Shares |
| Balyasny Asset Management L.P. | $13,905,994 | 1,758,027 | 1.26% | Shares |
| CITADEL ADVISORS LLC | $13,904,759 | 1,757,871 | 1.26% | Shares |
| TUDOR INVESTMENT CORP ET AL | $12,795,809 | 1,617,675 | 1.16% | Shares |
| Silver Point Capital L.P. | $12,141,850 | 1,535,000 | 1.10% | Shares |
| Point72 Asset Management, L.P. | $11,397,820 | 1,440,938 | 1.03% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $11,039,196 | 1,395,600 | 1.00% | Shares |
| D. E. Shaw & Co., Inc. | $9,567,366 | 1,209,528 | 0.87% | Shares |
| GOLDMAN SACHS GROUP INC | $9,384,685 | 1,186,433 | 0.85% | Shares |
| JPMORGAN CHASE & CO | $9,203,348 | 1,227,113 | 0.83% | Shares |
| BANK OF AMERICA CORP /DE/ | $7,336,801 | 927,535 | 0.66% | Shares |
| Jump Financial, LLC | $7,185,444 | 908,400 | 0.65% | Shares |
| MORGAN STANLEY | $6,240,250 | 788,906 | 0.56% | Shares |
| TWO SIGMA ADVISERS, LP | $5,671,617 | 1,204,165 | 0.51% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5,300,950 | 670,158 | 0.48% | Shares |
| Prentice Capital Management, LP | $4,971,965 | 628,567 | 0.45% | Shares |
| NORTHERN TRUST CORP | $4,788,714 | 605,400 | 0.43% | Shares |
| CITIGROUP INC | $4,745,549 | 599,943 | 0.43% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,634,358 | 585,886 | 0.42% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $4,507,893 | 569,898 | 0.41% | Shares |
| Walleye Capital LLC | $4,477,408 | 566,044 | 0.40% | Shares |
| UBS Group AG | $4,376,920 | 553,340 | 0.40% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $3,914,659 | 494,900 | 0.35% | Shares |
| Invesco Ltd. | $3,865,372 | 488,669 | 0.35% | Shares |
| Russell Investments Group, Ltd. | $3,781,791 | 478,102 | 0.34% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $3,640,008 | 460,178 | 0.33% | Shares |
| Creative Planning | $3,092,735 | 390,990 | 0.28% | Shares |
| Nuveen, LLC | $2,772,075 | 350,452 | 0.25% | Shares |
| Blueshift Asset Management, LLC | $2,753,313 | 348,080 | 0.25% | Shares |
| Voleon Capital Management LP | $2,473,449 | 312,699 | 0.22% | Shares |
| CastleKnight Management LP | $2,379,328 | 300,800 | 0.22% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $2,239,487 | 283,121 | 0.20% | Shares |
| Crawford Fund Management, LLC | $2,135,700 | 270,000 | 0.19% | Put option |
| Squarepoint Ops LLC | $2,104,060 | 266,000 | 0.19% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $2,040,590 | 257,976 | 0.18% | Shares |
| Aquatic Capital Management LLC | $1,983,211 | 250,722 | 0.18% | Shares |
Company insiders 29 insiders · 14 officers · 14 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| James G. Dempsey | President & CEO | Feb. 8, 2026 M | 347,613 | 0 | 0 | $0 |
| Barry Biffle | CEO | Dec. 11, 2025 S | 631,836 | 0 | 5 | $-1,640,444 |
| Mark Christopher Mitchell | SVP & CFO | Aug. 5, 2026 S | 53,785 | 0 | 1 | $-1,011,250 |
| Jeffrey Mathew | SVP, Chief Information Officer | Sept. 22, 2026 M | 46,627 | 0 | 0 | $0 |
| Steve Schuller | SVP, Human Resources | Sept. 4, 2026 S | 79,675 | 0 | 5 | $-240,500 |
| Alexandre Clerc | SVP, Customers | Sept. 4, 2026 S | 34,008 | 0 | 4 | $-125,865 |
| Josh A Wetzel | VP & CAO | Aug. 4, 2026 S | 10,061 | 0 | 2 | $-80,125 |
| Trevor J. Stedke | Sr. Vice President, Operations | Aug. 4, 2026 S | 0 | 0 | 2 | $-1,792,859 |
| Howard Diamond | EVP, Legal & Corporate Affairs | Aug. 4, 2026 S | 133,126 | 0 | 1 | $-199,609 |
| Robert Schroeter | SVP, Chief Commercial Officer | March 25, 2026 M | 107,989 | 0 | 0 | $0 |
| Rajat Khanna | SVP & CIO | Oct. 25, 2024 M | 90,773 | 0 | 0 | $0 |
| Jacob F. Filene | Sr. Vice President, Customers | April 12, 2023 S | 27,778 | 0 | 0 | $0 |
| Daniel M. Shurz | Sr. Vice President, Commercial | April 2, 2023 A | 66,580 | 0 | 0 | $0 |
| Craig R. Maccubbin | SVP & CIO | March 15, 2023 M | 23,167 | 0 | 0 | $0 |
| Barron Elliot Steele | Director | June 15, 2026 A | · | 0 | 0 | $0 |
| Anthony David Salcido | Director | May 14, 2026 A | 6,721 | 0 | 0 | $0 |
| Ofelia Kumpf | Director | May 14, 2026 A | 98,409 | 0 | 0 | $0 |
| Josh T. Connor | Director | May 14, 2026 A | 175,735 | 0 | 0 | $0 |
| Brian H. Franke | Director | May 14, 2026 A | 4,529,345 | 0 | 0 | $0 |
| Robert J. Genise | Director | May 14, 2026 A | 364,764 | 0 | 0 | $0 |
| Andrew S. Broderick | Director | May 14, 2026 A | 882,671 | 0 | 0 | $0 |
| Nancy Lipson | Director | May 14, 2026 A | 60,524 | 0 | 0 | $0 |
| Patricia Salas Pineda | Director | May 14, 2026 A | 149,763 | 0 | 0 | $0 |
| Alejandro Daniel Wolff | Director | May 14, 2026 A | 124,413 | 0 | 0 | $0 |
| Michael R Macdonald | Director | May 15, 2025 M | 118,227 | 0 | 0 | $0 |
| FRANKE WILLIAM A | Director | May 25, 2023 A | 21,666 | 0 | 0 | $0 |
| Group Holdings - Frontier LLC | 10% owner | July 9, 2026 S | 22,706,526 | 0 | 1 | $-84,240,000 |
| Indigo Frontier Holdings Company, LLC | 10% owner | April 5, 2024 J | 0 | 0 | 0 | $0 |
| Bernard L Han | · | May 14, 2026 A | 448,857 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 28 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IYT · iShares Trust | 0.06% | 226,406 SH | Sept. 11, 2026 | Daily |
| TPOR · Direxion Shares ETF Trust | 0.03% | 844 NS | July 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.03% | 63,843 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 118,998 SH | Oct. 2, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 559,040 SH | Sept. 11, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.02% | 1,057,969 SH | Aug. 19, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.02% | 375,476 NS | July 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 28,329 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 1,548,770 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 981,479 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,839,321 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 342,551 SH | Aug. 19, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.01% | 65,517 SH | Aug. 19, 2026 | Daily |
| ISCG · iShares Trust | 0.01% | 14,596 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 26,560 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 438,289 NS | July 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.01% | 18,245 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.00% | 5,107 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 9,338 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 1,561 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 30,433 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 136,360 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 12,015 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 10,097 SH | Sept. 3, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,588,340 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,423 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | · | 3,816 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 8,225 SH | Sept. 11, 2026 | Daily |
ULCC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 17 analysts
HOLD
Median target
$6.00
-3.1%
0 0.0%
Strong Buy
0 0.0%
Buy
11 64.7%
Hold
4 23.5%
Sell
2 11.8%
Strong Sell
12-Month Price Target
9 analysts · 2026-10-03Mean target $6.56 +5.9%
Now
Current price $6.19
Low$4.00
Mean$6.56
High$9.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ULCC | $1.08B | -7.8 | -1.4% | -3.7% | -27.5% | · |
| JOBY | $12.08B | -11.7 | 39183.1% | -1740.5% | -80.6% | · |
| ALK | $5.81B | 60.6 | 21.3% | 0.70% | 2.5% | · |
| SKYW | $8.46B | 9.7 | 15.0% | 10.5% | 16.1% | · |
| ALGT | · | -34.4 | 3.7% | · | · | · |
| JBLU | $1.68B | -2.7 | -2.3% | -6.6% | -26.6% | · |
| RJET | $840M | 9.8 | 251.9% | 4.5% | 11.8% | · |
| UP | $474M | -1.6 | -7.0% | -40.0% | 99.0% | · |
| DAL | $45.80B | 9.1 | 2.8% | 7.9% | 26.1% | · |
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Source: SEC 10-Q filed Jul 29, 2026