Update on Q1 2026 Adjusted Diluted Loss Per Share Guidance

Frontier Group Holdings, Inc. is updating its Q1 2026 adjusted diluted loss per share guidance to be between $0.32 and $0.44. This update is driven by revenue performance exceeding expectations, but offset by a recent spike in jet fuel prices and operational disruptions from Winter Storm Iona. The company now expects Q1 2026 fuel costs to be $45-50 million higher than previously guided, averaging $3.00 per gallon. Despite these challenges, total liquidity at the end of March 2026 is projected to exceed $900 million. The company is also seeing strong travel demand extending into the spring booking period, with unit revenues expected to increase by mid-teens year-over-year.