Frontier

Q2 FY2026 EarningsQ2 FY2026 significantly beat consensus across the board, with total revenue reaching an all-time record of $1.28B vs. $1.22B expected (+4.7%). Adjusted diluted EPS of -$0.10 outperformed the consensus mean of -$0.47 and even the most optimistic high estimate of -$0.45. While GAAP results were weighed down by a $70M non-recurring charge from an Early Return Agreement for aircraft, strong demand drove a 28% YoY increase in RASM. Q3 and Q4 FY2026 EPS guidance is largely in-line with or slightly above consensus, supported by double-digit capacity growth.