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Frontier Group Holdings Priced, Nasdaq: ULCC

Ultra low-cost US airline carrier that serves approximately 110 airports.

Industry: Industrials

First Day Return: -0.8%

Industry: Industrials

Frontier Airlines is an ultra low-cost carrier whose business strategy is focused on Low Fares Done Right. We offer flights throughout the United States and to select near international destinations in the Americas. Our unique strategy is underpinned by our low-cost structure and superior low-fare brand. As of December 31, 2020, we had a fleet of 104 narrow-body Airbus A320 family aircraft, and a commitment to purchase 156 A320neo (New Engine Option) family aircraft by the end of 2028. During the years ended December 31, 2019 and 2020, we served approximately 23 million and 11 million passengers, respectively, across a network of approximately 110 airports. In December 2013, we were acquired by an investment fund managed by Indigo Denver Management Company, LLC, ("Indigo"), an affiliate of Indigo Partners, LLC, (“Indigo Partners”), an experienced and successful global investor in ultra low-cost carriers, ("ULCCs"). Following the acquisition, Indigo reshaped our management team to include experienced veterans of the airline industry with a significant history operating ULCCs. Through the implementation of our new operating model, we have positioned our brand as a leading low-fare airline and had seen a dramatic improvement to our profitability prior to the coronavirus, ("COVID-19"), pandemic.
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Frontier Group Holdings (ULCC) Performance