Frontier Group Holdings, Inc., provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, such as websites, mobile apps, and contact centers. As of December 31, 2025, it had a fleet of 176 Airbus single-aisle aircraft. Frontier Group Holdings, Inc. was founded in 1994 and is …
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Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.88), demonstrating pricing resilience across cycles.
Key risks
ROIC Below WACC or PeersROIC at 13.3th percentile suggests inefficient capital deployment.
Liquidity ConcernsLiquidity is concerning (score 0.23), raising questions about short-term obligations.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Frontier Group Holdings, Inc. ranks #15 of 20
scored companies in Airlines by moat score — the top 75%.
The widest moat in the group is SkyWest, Inc. (SKYW)
at 72/100.
Moat scores for companies ranked near ULCC in Airlines
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 33
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 33
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 23
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 34
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 32
· 15% of the moat score
Scale matters only when it converts into economics.
What is Frontier Group Holdings, Inc.'s moat score?
Frontier Group Holdings, Inc. (ULCC) scores 35 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #15 of 20 scored companies in Airlines, the top 75%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Airlines. Its strongest defense is Pricing Power (51/100) and its weakest is Capital Efficiency (23/100).
How does Frontier Group Holdings, Inc. compare with other Airlines companies?
Frontier Group Holdings, Inc. ranks #15 of 20 scored companies in Airlines by moat score. The widest moat in Airlines is SkyWest, Inc. (SKYW) at 72/100. The companies ranked closest are Allegiant Travel Company (ALGT) at 38 just above it and Mesa Air Group, Inc. (MESA) at 29 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Airlines. The defenses are then weighted to produce the overall score out of 100.
Why is Frontier Group Holdings, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Frontier Group Holdings, Inc.?
The Corporate Default template measures 6 defenses, and ULCC scores: Pricing Power (51), Cost Advantage (33), Customer Stickiness (33), Capital Efficiency (23), Resilience (34), Scale & Market Position (32). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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