ULCC Cuplikan Saham Harga, kapitalisasi pasar, P/E, EPS, ROE, utang/ekuitas, kisaran 52 minggu

03

Harga $6.19

Kapitalisasi Pasar (MRQ) $1.42B

P/E (TTM) -3.7

EPS (TTM) $-1.67

Pendapatan (TTM) $4.15B

ROE (TTM) -120.2%

D/E Utang/Ekuitas (MRQ) 3.7

Rentang 52M $3–$8

ULCC Grafik Harga Saham OHLCV harian dengan indikator teknis — geser, perbesar, dan sesuaikan tampilan Anda

04

rentang

batang

Granularitas batang menyesuaikan dengan periode yang dipilih — arahkan kursor ke bagan untuk melihat buka/tinggi/rendah/tutup untuk sebuah batang.

Kinerja 10 Tahun Tren Pendapatan, laba bersih, margin, dan EPS

06

Pendapatan$3.72B

2019-12-31 → 2025-12-31

EPS$-0.60

2019-12-31 → 2025-12-31

Arus Kas Bebas$-600M

2021-12-31 → 2025-12-31

Margin bersih-9.3%

2021-12-31 → 2025-12-31

Valuasi & Rasio 07–12

Valuasi Rasio P/E, P/S, P/B, EV/EBITDA — apakah sahamnya mahal atau murah?

Metrik	ULCC	rata-rata 5T	Median Rekan	Kesimpulan
P/E (TTM)	-3.7rata-rata 5T ≈-37.3	≈-37.3	·	·
P/S (TTM)	0.3rata-rata 5T ≈0.6	≈0.6	0.5	Nilai wajar
P/B (MRQ)	10.5rata-rata 5T ≈3.4	≈3.4	2.3	Terlalu mahal
EV / EBITDA	-9.2rata-rata 5T ≈-81.2	≈-81.2	·	·
Harga / FCF (TTM)	-8.7rata-rata 5T ≈-3.8	≈-3.8	·	·
Harga / Arus Kas (TTM)	-12.4rata-rata 5T ≈-8.3	≈-8.3	·	·
EV / Revenue (EV / Pendapatan)	0.4rata-rata 5T ≈0.5	≈0.5	·	·
EV / FCF	-2.3rata-rata 5T ≈-3.4	≈-3.4	·	·
Harga / Nilai Buku Berwujud (MRQ)	13.1rata-rata 5T ≈3.6	≈3.6	·	·

Median rekan dihitung berdasarkan basis standar per metrik dan mungkin tidak selalu cocok dengan basis TTM/MRQ yang ditampilkan untuk saham ini.

Profitabilitas Margin kotor, operasional, dan bersih; ROE, ROA, ROIC

Metrik	ULCC	rata-rata 5T	Median Rekan	Kesimpulan
Margin Operasi (TTM)	-9.8%rata-rata 5T ≈-1.9%	≈-1.9%	-4.1%	Lemah
EBITDA Margin (Margin EBITDA)	-4.0%rata-rata 5T ≈-1.9%	≈-1.9%	0.96%	Lemah
Margin Sebelum Pajak (TTM)	-9.6%rata-rata 5T ≈-1.8%	≈-1.8%	-5.3%	Lemah
Margin Laba Bersih (TTM)	-9.3%rata-rata 5T ≈-1.6%	≈-1.6%	-1.9%	Lemah
ROA (TTM)	-5.6%rata-rata 5T ≈-0.84%	≈-0.84%	-1.0%	Lemah
ROE (TTM)	-120.2%rata-rata 5T ≈-8.2%	≈-8.2%	2.5%	Lemah
ROIC	-13.8%rata-rata 5T ≈-4.2%	≈-4.2%	2.2%	Lemah

Kesehatan Keuangan Utang, likuiditas, solvabilitas — kekuatan neraca

Metrik	ULCC	rata-rata 5T	Median Rekan	Kesimpulan
Utang / Ekuitas (MRQ)	3.7rata-rata 5T ≈0.9	≈0.9	0.7	Utang tinggi
Rasio Lancar (MRQ)	0.6rata-rata 5T ≈0.6	≈0.6	0.6	Sejajar
Quick Ratio (Rasio Cepat)	0.4rata-rata 5T ≈0.5	≈0.5	0.5	Sejajar
Utang Jangka Panjang / Ekuitas (MRQ)	2.2rata-rata 5T ≈0.5	≈0.5	0.5	Utang tinggi

Pertumbuhan Pertumbuhan Pendapatan, EPS, dan Laba Bersih: YoY, CAGR 3T, CAGR 5T

Metrik	ULCC	rata-rata 5T	Median Rekan	Kesimpulan
Revenue YoY (Pendapatan YoY)	-1.4%rata-rata 5T ≈27.6%	≈27.6%	·	·
Revenue CAGR 3Y (CAGR Pendapatan 3T)	3.8%rata-rata 5T ≈22.8%	≈22.8%	·	·
Revenue CAGR 5Y (CAGR Pendapatan 5T)	24.4%	·	·	·

Metrik Per Saham EPS, nilai buku per saham, arus kas per saham, dividen per saham

Metrik	ULCC	rata-rata 5T	Median Rekan	Kesimpulan
EPS (Diluted)	$-0.60rata-rata 5T ≈$-0.19	≈$-0.19	·	·
Revenue / Share (Pendapatan / Saham)	$16.35rata-rata 5T ≈$14.87	≈$14.87	·	·
Cash Flow / Share (Arus Kas / Saham)	$-2.30rata-rata 5T ≈$-0.64	≈$-0.64	·	·
Cash / Share (Kas / Saham)	$2.93rata-rata 5T ≈$3.33	≈$3.33	·	·

Efisiensi Modal Perputaran aset, perputaran persediaan, perputaran piutang

Metrik	ULCC	rata-rata 5T	Median Rekan	Kesimpulan
Asset Turnover (Perputaran Aset)	0.6rata-rata 5T ≈0.7	≈0.7	0.6	Lemah
Receivables Turnover (Perputaran Piutang)	47.1rata-rata 5T ≈46.4	≈46.4	30.2	Tingkat teratas
Revenue / Employee (Pendapatan Tahunan ÷ karyawan (jumlah karyawan, yfinance). Turunan — bukan konsep SEC-XBRL yang tersimpan.)	≈$445.9K	·	·	·

nilai · ≈ rata-rata 5T · median industri · penilaian relatif terhadap median

Riwayat Pendapatan EPS aktual vs perkiraan, kejutan %, tingkat keberhasilan, tanggal pendapatan berikutnya

14

Kejutan Rata-rata 15.3%

Laporan Berikutnya Nov 03, 2026

Periode	Laporan	EPS Aktual	EPS Estimasi	Kejutan
30 Juni 2026	Agu 3, 2026	$-0.10	$-0.49	79.7%
31 Maret 2026		$-0.30	$-0.37	18.7%
31 Des. 2025		$0.23	$0.12	92.3%
30 Sep. 2025		$-0.34	$-0.36	5.9%
30 Juni 2025		$-0.31	$-0.26	-19.7%
31 Maret 2025		$-0.19	$-0.10	-85.0%

Fundamental Lengkap Semua metrik per tahun — laporan laba rugi, neraca, arus kas

15

Laporan Laba Rugi 13

Metrik	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	·	·

Neraca 25

Metrik	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

Arus Kas 14

Metrik	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	·	·

Profitabilitas 7

Metrik	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%	·	·

Likuiditas & Solvabilitas 4

Metrik	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	·	·

Efisiensi 2

Metrik	Tren	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 Saham 6

Metrik	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	·	·

Tingkat Pertumbuhan 3

Metrik	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%	·	·	·	·	·	·

Valuasi (TTM) 17

Metrik	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	·	·

Laporan Laba Rugi 13

Metrik	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

Neraca 24

Metrik	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

Arus Kas 10

Metrik	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	·	·

Profitabilitas 7

Metrik	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%

Likuiditas & Solvabilitas 4

Metrik	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

Efisiensi 2

Metrik	Tren	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 Saham 5

Metrik	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

Valuasi (TTM) 11

Metrik	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%

Periode terbaru di sebelah kiri · nilai null ditampilkan sebagai ·

Laporan Keuangan Laporan laba rugi, neraca, arus kas — tahunan, 5 tahun terakhir

16

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Pendapatan	$3.72B	$3.77B	$3.59B	$3.33B	$2.06B
Margin Operasi %	-4.0%	1.5%	-0.08%	-1.4%	-5.7%
Laba Bersih	$-137M	$85M	$-11M	$-37M	$-102M
EPS Dilusian	$-0.60	$0.37	$-0.05	$-0.17	$-0.48

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Utang / Ekuitas	1.3	0.8	0.9	0.8	0.8
Rasio Lancar	0.5	0.5	0.5	0.7	0.8
Rasio Cepat	0.4	0.4	0.4	0.5	0.7

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Arus Kas Bebas	$-600M	$-158M	$-312M	$-119M	$189M

Pemilik institusional (13F) 204 pengaju · $1.1B total · Per tanggal 30 Sep. 2026

17

Institusi yang melaporkan kepemilikan saham ini dalam SEC Form 13F triwulanan mereka. Hanya posisi panjang; satu pengaju dapat muncul dua kali untuk leg opsi terpisah. Kaki put/call offset yang besar biasanya mencerminkan pembuatan pasar atau inventaris yang dilindungi, bukan keyakinan arah.

Pemegang 204

Nilai yang dipegang $1.1B

Posisi baru 46

Posisi yang keluar 21

Aktivitas institusional — Q2 2026 vs kuartal sebelumnya

Posisi baru	Posisi yang keluar	Meningkat	Menurun	Perubahan bersih saham
46 (+13 vs Kuartal sebelumnya)	21 (-2 vs Kuartal sebelumnya)	69 (+28 vs Kuartal sebelumnya)	48 (-20 vs Kuartal sebelumnya)	+10.4M

Dibandingkan dengan Q1 2026. Pengajuan Formulir 13F SEC jatuh tempo dalam waktu 45 hari setelah akhir kuartal ditambah kelonggaran singkat untuk pengaju terlambat — kuartal yang masih dalam jangka waktu tersebut dilewati demi pasangan terakhir yang dilaporkan sepenuhnya.

Institusi	Nilai	Saham	% dari 13F yang dilacak	Tipe
Indigo Partners LLC	$253.847.775	32.092.007	22,95%	Saham
Wildcat Capital Management, LLC	$221.965.286	28.061.351	20,07%	Saham
BlackRock, Inc.	$47.204.772	5.967.733	4,27%	Saham
U S GLOBAL INVESTORS INC	$38.874.921	4.914.655	3,52%	Saham
TWO SIGMA INVESTMENTS, LP	$37.031.171	4.681.564	3,35%	Saham
VANGUARD GROUP INC	$35.761.160	7.592.603	3,23%	Saham
MARSHALL WACE, LLP	$33.260.609	4.204.881	3,01%	Saham
VANGUARD CAPITAL MANAGEMENT LLC	$28.904.516	3.654.174	2,61%	Saham
JANE STREET GROUP, LLC	$28.233.440	3.569.335	2,55%	Saham
VANGUARD PORTFOLIO MANAGEMENT LLC	$26.685.366	3.373.624	2,41%	Saham
MILLENNIUM MANAGEMENT LLC	$22.764.988	2.878.001	2,06%	Saham
DIMENSIONAL FUND ADVISORS LP	$19.765.785	2.499.595	1,79%	Saham
STATE STREET CORP	$19.099.462	2.414.597	1,73%	Saham
Ancient Art, L.P.	$18.945.391	2.395.119	1,71%	Saham
GEODE CAPITAL MANAGEMENT, LLC	$15.145.202	1.914.167	1,37%	Saham
Balyasny Asset Management L.P.	$13.905.994	1.758.027	1,26%	Saham
CITADEL ADVISORS LLC	$13.904.759	1.757.871	1,26%	Saham
TUDOR INVESTMENT CORP ET AL	$12.795.809	1.617.675	1,16%	Saham
Silver Point Capital L.P.	$12.141.850	1.535.000	1,10%	Saham
Point72 Asset Management, L.P.	$11.397.820	1.440.938	1,03%	Saham
RENAISSANCE TECHNOLOGIES LLC	$11.039.196	1.395.600	1,00%	Saham
D. E. Shaw & Co., Inc.	$9.567.366	1.209.528	0,87%	Saham
GOLDMAN SACHS GROUP INC	$9.384.685	1.186.433	0,85%	Saham
JPMORGAN CHASE & CO	$9.203.348	1.227.113	0,83%	Saham
BANK OF AMERICA CORP /DE/	$7.336.801	927.535	0,66%	Saham
Jump Financial, LLC	$7.185.444	908.400	0,65%	Saham
MORGAN STANLEY	$6.240.250	788.906	0,56%	Saham
TWO SIGMA ADVISERS, LP	$5.671.617	1.204.165	0,51%	Saham
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$5.300.950	670.158	0,48%	Saham
Prentice Capital Management, LP	$4.971.965	628.567	0,45%	Saham
NORTHERN TRUST CORP	$4.788.714	605.400	0,43%	Saham
CITIGROUP INC	$4.745.549	599.943	0,43%	Saham
VANGUARD FIDUCIARY TRUST CO	$4.634.358	585.886	0,42%	Saham
LAZARD ASSET MANAGEMENT LLC	$4.507.893	569.898	0,41%	Saham
Walleye Capital LLC	$4.477.408	566.044	0,40%	Saham
UBS Group AG	$4.376.920	553.340	0,40%	Saham
PRIMECAP MANAGEMENT CO/CA/	$3.914.659	494.900	0,35%	Saham
Invesco Ltd.	$3.865.372	488.669	0,35%	Saham
Russell Investments Group, Ltd.	$3.781.791	478.102	0,34%	Saham
AQR CAPITAL MANAGEMENT LLC	$3.640.008	460.178	0,33%	Saham
Creative Planning	$3.092.735	390.990	0,28%	Saham
Nuveen, LLC	$2.772.075	350.452	0,25%	Saham
Blueshift Asset Management, LLC	$2.753.313	348.080	0,25%	Saham
Voleon Capital Management LP	$2.473.449	312.699	0,22%	Saham
CastleKnight Management LP	$2.379.328	300.800	0,22%	Saham
BNP PARIBAS FINANCIAL MARKETS	$2.239.487	283.121	0,20%	Saham
Crawford Fund Management, LLC	$2.135.700	270.000	0,19%	Opsi jual
Squarepoint Ops LLC	$2.104.060	266.000	0,19%	Saham
OCCUDO QUANTITATIVE STRATEGIES LP	$2.040.590	257.976	0,18%	Saham
Aquatic Capital Management LLC	$1.983.211	250.722	0,18%	Saham

Tampilkan semua 204 pemilik institusional →

Orang dalam perusahaan 29 orang dalam · 14 pejabat · 14 direktur

19

Orang Dalam	Peran	Aktivitas terakhir	Saham dimiliki	Jual 12m	Bersih 12m
James G. Dempsey	President & CEO	8 Feb. 2026 M	347.613	0	$0
Barry Biffle	CEO	11 Des. 2025 S	631.836	5	$-1.640.444
Mark Christopher Mitchell	SVP & CFO	5 Agu 2026 S	53.785	1	$-1.011.250
Jeffrey Mathew	SVP, Chief Information Officer	22 Sep. 2026 M	46.627	0	$0
Steve Schuller	SVP, Human Resources	4 Sep. 2026 S	79.675	5	$-240.500
Alexandre Clerc	SVP, Customers	4 Sep. 2026 S	34.008	4	$-125.865
Josh A Wetzel	VP & CAO	4 Agu 2026 S	10.061	2	$-80.125
Trevor J. Stedke	Sr. Vice President, Operations	4 Agu 2026 S	0	2	$-1.792.859
Howard Diamond	EVP, Legal & Corporate Affairs	4 Agu 2026 S	133.126	1	$-199.609
Robert Schroeter	SVP, Chief Commercial Officer	25 Maret 2026 M	107.989	0	$0
Rajat Khanna	SVP & CIO	25 Okt. 2024 M	90.773	0	$0
Jacob F. Filene	Sr. Vice President, Customers	12 April 2023 S	27.778	0	$0
Daniel M. Shurz	Sr. Vice President, Commercial	2 April 2023 A	66.580	0	$0
Craig R. Maccubbin	SVP & CIO	15 Maret 2023 M	23.167	0	$0
Barron Elliot Steele	Direktur	15 Juni 2026 A	·	0	$0
Anthony David Salcido	Direktur	14 Mei 2026 A	6.721	0	$0
Ofelia Kumpf	Direktur	14 Mei 2026 A	98.409	0	$0
Josh T. Connor	Direktur	14 Mei 2026 A	175.735	0	$0
Brian H. Franke	Direktur	14 Mei 2026 A	4.529.345	0	$0
Robert J. Genise	Direktur	14 Mei 2026 A	364.764	0	$0
Andrew S. Broderick	Direktur	14 Mei 2026 A	882.671	0	$0
Nancy Lipson	Direktur	14 Mei 2026 A	60.524	0	$0
Patricia Salas Pineda	Direktur	14 Mei 2026 A	149.763	0	$0
Alejandro Daniel Wolff	Direktur	14 Mei 2026 A	124.413	0	$0
Michael R Macdonald	Direktur	15 Mei 2025 M	118.227	0	$0
FRANKE WILLIAM A	Direktur	25 Mei 2023 A	21.666	0	$0
Group Holdings - Frontier LLC	Pemilik 10%	9 Juli 2026 S	22.706.526	1	$-84.240.000
Indigo Frontier Holdings Company, LLC	Pemilik 10%	5 April 2024 J	0	0	$0
Bernard L Han	·	14 Mei 2026 A	448.857	0	$0

Orang dalam dari pengajuan SEC Form 3/4/5; bersih = hanya P/S pasar terbuka

Kepemilikan ETF Dimiliki oleh 30 ETF

20

Bobot mencerminkan kepemilikan ekuitas langsung (N-PORT) saja; dana berbasis leverage atau derivatif mungkin memiliki eksposur swap tambahan yang tidak ditampilkan.

Dana	Bobot	Unit	Per tanggal	Sumber
PEZ · Invesco Exchange-Traded Fund Trust	1,84%	66.287 SH	1 Okt. 2026	Harian
DWAS · Invesco Exchange-Traded Fund Trust …	0,37%	250.214 SH	1 Okt. 2026	Harian
IYT · iShares Trust	0,06%	226.406 SH	11 Sep. 2026	Harian
TPOR · Direxion Shares ETF Trust	0,03%	844 NS	31 Juli 2026	N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS	0,03%	63.843 SH	19 Agu 2026	Harian
PRFZ · Invesco Exchange-Traded Fund Trust	0,03%	121.518 SH	1 Okt. 2026	Harian
IWO · iShares Trust	0,02%	559.040 SH	11 Sep. 2026	Harian
VBK · VANGUARD INDEX FUNDS	0,02%	1.057.969 SH	19 Agu 2026	Harian
DFAS · Dimensional ETF Trust	0,02%	375.476 NS	31 Juli 2026	N-PORT
RSSL · Global X Funds	0,01%	28.329 NS	31 Juli 2026	N-PORT
IWM · iShares Trust	0,01%	1.548.770 SH	11 Sep. 2026	Harian
VXF · VANGUARD INDEX FUNDS	0,01%	981.479 SH	19 Agu 2026	Harian
VB · VANGUARD INDEX FUNDS	0,01%	1.839.321 SH	19 Agu 2026	Harian
VTWO · VANGUARD SCOTTSDALE FUNDS	0,01%	342.551 SH	19 Agu 2026	Harian
VIS · VANGUARD WORLD FUND	0,01%	65.517 SH	19 Agu 2026	Harian
ISCG · iShares Trust	0,01%	14.596 SH	11 Sep. 2026	Harian
TILT · FlexShares Trust	0,01%	26.560 NS	31 Juli 2026	N-PORT
DFAC · Dimensional ETF Trust	0,01%	438.289 NS	31 Juli 2026	N-PORT
FIDU · FIDELITY COVINGTON TRUST	0,01%	18.245 NS	31 Juli 2026	N-PORT
WSML · iShares Trust	0,00%	5.107 SH	11 Sep. 2026	Harian
DCOR · Dimensional ETF Trust	0,00%	9.338 NS	31 Juli 2026	N-PORT
DXUV · Dimensional ETF Trust	0,00%	1.561 NS	31 Juli 2026	N-PORT
DFAU · Dimensional ETF Trust	0,00%	30.433 NS	31 Juli 2026	N-PORT
ITOT · iShares Trust	0,00%	136.360 SH	11 Sep. 2026	Harian
DFUS · Dimensional ETF Trust	0,00%	12.015 NS	31 Juli 2026	N-PORT
IWV · iShares Trust	0,00%	10.097 SH	3 Sep. 2026	Harian
VTI · VANGUARD INDEX FUNDS	0,00%	2.588.340 SH	19 Agu 2026	Harian
VTHR · VANGUARD SCOTTSDALE FUNDS	0,00%	4.423 SH	19 Agu 2026	Harian
ISCB · iShares Trust	·	3.816 SH	11 Sep. 2026	Harian
ISCV · iShares Trust	·	8.225 SH	11 Sep. 2026	Harian

ULCC Konsensus Analis Opini analis bullish dan bearish, target harga 12 bulan, potensi kenaikan

21

peringkat · 17 analis TAHAN

Target median $6.00 -3,1%

0 0,0% Beli Kuat

0 0,0% Beli

11 64,7% Tahan

4 23,5% Jual

2 11,8% Jual Kuat

Target Harga 12 Bulan

9 analis · 2026-10-03

Target rata-rata $6.56 +5,9%

Sekarang Harga saat ini $6.19

Rendah$4.00 Rata-rata$6.56 Tinggi$9.00

Perbandingan rekan (sub-industri GICS) Metrik utama vs rekan sektor

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Dasar FY, harga per penutupan akhir tahun fiskal terakhir setiap perusahaan.

Ticker	Kapitalisasi Pasar	P/E	Pendapatan YoY	Margin Bersih	ROE	Margin Kotor
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%	·

Berita Terbaru Berita utama terbaru yang menyebutkan perusahaan ini

23

What Does the Ultra Clean CFO's Sale of Company Shares Worth $1.3 Million Mean for Investors? Nasdaq · 3 bulan, 2 minggu lalu Citi Naikkan PT Frontier Group Holdings (ULCC) Setelah Hasil Fiskal Q1 Yahoo Finance · 4 bulan, 1 minggu lalu

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ULCC Frontier Group Holdings, Inc. - Common Stock