Why Frontier Group Stock Is Flying High Today [Yahoo! Finance]
Frontier Group Holdings, Inc. (ULCC)
Company Research
Source: Yahoo! Finance
Shares of the discount airline opened up as much as 12% and were trading up 8% at 10 a.m. ET after Frontier raised its margin guidance for the quarter. Not as bad as feared Investors aren't sure what to think about airline stocks right now. The industry has done well since the end of the pandemic, but a combination of higher interest rates and a weakening jobs picture has raised questions about travel demand. There are still plenty of people who want to fly, but with consumers becoming more price-sensitive, airlines are unsure about pricing power. For Frontier, things appear to be going better than the company feared. The airline updated its guidance for third-quarter pre-tax margin to flat to negative 2%, an improvement from a prior range of negative 3% to negative 6%. In a regulatory filing, Frontier said most of the improvement is attributable to revenue, "which has been trending above prior expectations." The airline now expects to grow capacity by only 4% to 5% year
Show less
Read more
Impact Snapshot
Event Time:
ULCC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ULCC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ULCC alerts
High impacting Frontier Group Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
ULCC
News
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Citigroup Inc. from $3.50 to $4.70. They now have a "neutral" rating on the stock.MarketBeat
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at TD Cowen from $3.00 to $4.00. They now have a "hold" rating on the stock.MarketBeat
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target lowered by analysts at Bank of America Co. from $5.50 to $5.00. They now have a "neutral" rating on the stock.MarketBeat
- Frontier Airlines to Participate in the Morgan Stanley 12th Annual Laguna ConferencePR Newswire
- Frontier Group Holdings, Inc. (ULCC): A Good Airline Stock To Buy According To Short Sellers [Yahoo! Finance]Yahoo! Finance
ULCC
Earnings
- 8/8/24 - Beat
ULCC
Sec Filings
- 9/11/24 - Form 8-K
- 8/8/24 - Form 10-Q
- 8/8/24 - Form 8-K
- ULCC's page on the SEC website