Citi Lifts PT on Frontier Group Holdings (ULCC) Following Fiscal Q1 Results

Frontier Group Holdings, Inc. (NASDAQ:ULCC) is one of the best airline stocks to buy according to Reddit. Citi lifted the price target on Frontier Group Holdings, Inc. (NASDAQ:ULCC) to $5 from $4.90 on May 14, maintaining a Neutral rating on the shares. The firm updated the company’s model after the release of its fiscal Q1 report on May 5. Frontier Group Holdings, Inc. (NASDAQ:ULCC) reported that adjusted revenue was nearly $1.1 billion, marking an all-time company record and up 17% on one percent lower capacity compared to the corresponding 2025 quarter. Furthermore, adjusted RASM, stage-length adjusted to 1,000 miles, came up to 10.29 cents, 17% higher compared to the corresponding 2025 quarter and at the higher end of the guidance range.Is Frontier Group Holdings, Inc. (ULCC) the Best Airline Stock to Buy Now?

Management reported that the company generated 106 available seat miles per gallon in the first quarter of 2026, a fuel efficiency advantage of over 40% compared to the other major U.S. carriers. Frontier Group Holdings, Inc. (NASDAQ:ULCC) also executed the previously announced agreements with Airbus to defer the delivery of 69 future A320 family aircraft and with AerCap to early terminate the leases associated with 24 A320neo aircraft.

Frontier Group Holdings, Inc. (NASDAQ:ULCC) is a holding company that operates through its subsidiary, Frontier Airlines, Inc., an ultra-low-cost carrier company. It offers flights throughout the United States and to select near international destinations in the Americas.

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