Frontier Group Holdings Full Year 2024 Earnings: EPS Beats Expectations

Frontier Group Holdings (NASDAQ:ULCC) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.78b (up 5.2% from FY 2023).
• Net income: US$84.0m (up from US$11.0m loss in FY 2023).
• Profit margin: 2.2% (up from net loss in FY 2023).
• EPS: US$0.37 (up from US$0.05 loss in FY 2023).

ULCC Operational Performance

• Available seat kilometres (ASK): 64.16b (up 5.4% from FY 2023).
• Passenger load factor: 76.8% (down from 81.4% in FY 2023).
• Total aircraft: 159 (up by 23 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Frontier Group Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 82%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$3.57b (94% of total revenue). Notably, cost of sales worth US$3.52b amounted to 93% of total revenue thereby underscoring the impact on earnings.Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$360.0m. Explore how ULCC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Airlines industry in the US.

Performance of the American Airlines industry.

The company's shares are down 10% from a week ago.

Risk Analysis

Be aware that Frontier Group Holdings is showing 3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.