NASDAQ$ULCC

Frontier Group Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year 2021.

Frontier Airlines reported a net loss of $53 million for the fourth quarter of 2021. Despite challenges from COVID-19 variants and rising fuel prices, the company increased its capacity and ancillary revenue per passenger versus the comparable pre-COVID period. The company ended the quarter with $918 million in unrestricted cash and cash equivalents.

  • Ended the fourth quarter of 2021 with $918 million of unrestricted cash and cash equivalents.
  • Generated $63 of ancillary revenue per passenger during the fourth quarter of 2021, eight percent higher than the comparable 2019 quarter.
  • Frontier’s fleet continues to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed, generating 102 ASMs per gallon during the fourth quarter of 2021.
  • Completed IPO in April 2021.

Headline financials

Total Revenue

$609M

Previous: $267M+128.1%
EPS (adj)

-$0.24

Previous: -$0.64+62.5%
Fuel Cost per Gallon

$2.43

No prior period
Load Factor

74.2%

No prior period
Average Seats per Departure

193

No prior period
Full-time Equivalent Employees

5.5K

No prior period
Net Income

-$53M

Previous: -$127M+58.3%
Operating Income

-$86M

Previous: -$184M+53.3%
Gross Profit

-$16M

Previous: -$156M+89.7%
Cash & Equivalents

$918M

Previous: $378M+142.9%
Total Assets

$4.24B

Previous: $3.55B+19.2%
Stock-Based Comp

$3M

Previous: $2M+50.0%

Revenue & EPS history

Frontier · Revenue · Quarterly

$609M

Q4 2021+128.1%vs Q4 2020
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Revenue by segment

Frontier · $609M total across 2 segments · Q4 2021

  • Passenger
    $592M
  • Other
    $17M

Forward guidance

In consideration of the anticipated merger with Spirit Airlines, Inc. the Company will not provide guidance for the first quarter or full year 2022 at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+2.4%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+0.4%

Avg return

30 days after

56%

14 / 25 earnings

Positive

+33.8%

Q4 2023

Best reaction

-18.4%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.5%+15.1%+35.7%
Q4 2025-7.9%-10.2%-43.5%
Q3 2025+0.3%-1.6%+34.3%
Q1 2025+7.6%+12.2%+29.3%
Q4 2024+15.5%+14.3%-17.9%
Q3 2024-14.0%-17.9%-21.7%
Q2 2024+0.6%-1.0%+21.0%
Q1 2024-1.4%+2.7%-6.3%
Q4 2023+33.8%+47.0%+45.8%
Q3 2023-1.0%-11.7%+5.2%
Q2 2023-9.7%-13.0%-32.5%
Q1 2023-18.4%-13.6%-2.5%
Q4 2022-15.0%-16.5%-21.8%
Q3 2022+19.7%+32.2%+35.7%
Q2 2022+28.2%+32.1%+21.8%
Q1 2022+1.5%+0.8%+0.0%
Q4 2019+3.3%+2.1%-10.3%
Q4 2021+7.3%+10.2%-12.8%
Q3 2021-3.5%-2.9%-18.2%
Q3 2020-3.5%-2.9%-18.2%
Q2 2021+0.0%-2.6%+3.4%
Q2 2020+0.0%-2.6%+3.4%
Q1 2021+1.9%-0.6%-6.7%
Q4 2020+1.9%-0.6%-6.7%
Q1 2020+1.9%-0.6%-6.7%
Q1 2017
Q1 2016

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