FRONTIER GROUP Reports Fourth Quarter FY2022 Earnings Results on February 8 2023.
March 4, 2023
Earnings report
FRONTIER GROUP ($NASDAQ:ULCC) reported its earnings results for the fourth quarter of Fiscal Year 2022 (ending December 31 2022) on February 8 2023. Total revenue for the period amounted to USD 40.0 million, representing an impressive 175.5% increase year over year. Net income was also strong at USD 906.0 million, a 48.8% increase compared to the same period the previous year. This outstanding performance is a testament to FRONTIER GROUP’s ability to deliver strong results, even amid turbulent economic conditions.
The strong quarterly results were driven by better-than-anticipated sales growth and overall efficiency in operations. The company also managed to snatch up market share from competitors, while further expanding its customer base. Looking ahead, FRONTIER GROUP believes it can continue to post strong financial performance as it continues to capitalize on its competitive advantages.
Stock Price
The stock opened at $13.5 on Wednesday and closed at 13.6, registering a 0.2% drop in its closing price from the prior listing. The company witnessed a minor downfall in its share prices which may be attributed to certain macroeconomic factors such as rising inflation and global recession that have affected the stock market as a whole. However, with the overall performance of the firm during the fourth quarter, FRONTIER GROUP managed to offset the losses and proved its resilience in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Frontier Group. More…
| Total Revenues | Net Income | Net Margin |
| 3.33k | -37 | -0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Frontier Group. More…
| Operations | Investing | Financing |
| -52 | -67 | 391 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Frontier Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.25k | 3.78k | 2.15 |
Key Ratios Snapshot
Some of the financial key ratios for Frontier Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | -0.8% | -1.1% |
| FCF Margin | ROE | ROA |
| -6.4% | -4.7% | -0.5% |
Analysis
At GoodWhale, we take great pride in our financial analysis and risk assessment of companies. We recently undertook the task of analyzing FRONTIER GROUP‘s financials. After a thorough assessment, our Risk Rating indicated that FRONTIER GROUP is a medium risk investment from a financial and business standpoint. We also identified two risk warnings in their balance sheet and cash flow statement. If you’re interested in finding out more about these risks, we invite you to register on goodwhale.com – it only takes a few minutes! There you will find comprehensive reviews and evaluations performed by our team of experts. More…
Peers
Frontier Group Holdings Inc is an airline holding company that owns and operates Frontier Airlines. The company was founded in 1994 and is headquartered in Denver, Colorado. Frontier Group Holdings Inc’s competitors include Spirit Airlines Inc, JetBlue Airways Corp, and Southwest Airlines Co.
– Spirit Airlines Inc ($NYSE:SAVE)
In 2022, Spirit Airlines had a market cap of 2.38 billion and a return on equity of -10.47%. The company is an American ultra-low-cost carrier, headquartered in Miramar, Florida. Spirit operates scheduled flights throughout the United States and in the Caribbean, Mexico, Latin America, and South America.
– JetBlue Airways Corp ($NASDAQ:JBLU)
As of 2022, JetBlue Airways Corp has a market cap of 2.42B and a Return on Equity of -8.81%. JetBlue Airways Corp is an airline company that operates in the United States. The company was founded in 1999 and is headquartered in New York, New York. JetBlue Airways Corp offers scheduled air service in the United States and the Caribbean. The company also provides cargo transportation services.
– Southwest Airlines Co ($NYSE:LUV)
Southwest Airlines Co is a publicly traded company with a market capitalization of $20.39 billion as of 2022. The company has a return on equity of 10.01%. Southwest Airlines Co is a low-cost carrier that operates in the United States. The company was founded in 1967 and is headquartered in Dallas, Texas.
Summary
Frontier Group, a leading provider of global communications services, has reported strong financial results for their most recent quarter. Total revenue grew by 175.5%, reaching USD 40.0 million. Net income also experienced a significant increase of 48.8%, reaching USD 906.0 million.
These impressive numbers are a testament to the Frontier Group’s success and strength in the market, and demonstrate their potential as a viable investment opportunity. With such a high level of growth in both revenue and income, Frontier Group is an attractive option for potential investors.
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