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
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ULCC
News
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Barclays PLC from $7.00 to $10.00. They now have an "overweight" rating on the stock.MarketBeat
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- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Susquehanna from $5.00 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Barclays PLC from $6.00 to $7.00. They now have an "overweight" rating on the stock.MarketBeat
ULCC
Earnings
- 10/29/24 - Miss
ULCC
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 11/13/24 - Form SC
- ULCC's page on the SEC website