Frontier (ULCC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	740.00 mm	740.00 mm	740.00 mm	740.00 mm	740.00 mm	740.00 mm
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)	6.83 mm
Cash used (since last report)	n/a	n/a	n/a	n/a	n/a	15.63 mm
Cash remaining	n/a	n/a	n/a	n/a	n/a	724.37 mm
Runway (months of cash)	n/a	n/a	n/a	n/a	n/a	106.0

Beta Read what these cash burn values mean

Financial data from Frontier earnings reports.

Institutional ownership, Q3 2024

ULCC institutional ownership history Ownership history

80.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	147	149	-1.3%
Opened positions	32	38	-15.8%
Closed positions	34	28	+21.4%
Increased positions	40	54	-25.9%
Reduced positions	51	38	+34.2%

13F shares	Current	Prev Q	Change
Total value	617.17 bn	543.95 bn	+13.5%
Total shares	182.84 mm	324.48 mm	-43.7%
Total puts	317.50 k	108.20 k	+193.4%
Total calls	428.00 k	319.50 k	+34.0%
Total put/call ratio	0.7	0.3	+119.1%

Largest owners	Shares	Value	Change
Group Holdings - Frontier	34.41 mm	$245.32 mm	0.0%
Indigo Partners	32.09 mm	$171.69 bn	0.0%
Indigo Frontier	31.98 mm	$199.85 mm	-82.1%
Wildcat Capital Management	28.06 mm	$150.13 bn	0.0%
Vanguard	8.16 mm	$43.66 bn	+73.2%
GROW U.S. Global Investors	7.56 mm	$40.47 bn	+71.4%
Ancient Art	7.53 mm	$40.27 bn	0.0%
ALTI AlTi Global	4.30 mm	$23.03 bn	0.0%
BlackRock	4.01 mm	$21.48 bn	NEW
Towle & Co	2.21 mm	$11.85 bn	-33.8%

Largest transactions	Shares	Bought/sold	Change
Indigo Frontier	31.98 mm	-146.86 mm	-82.1%
BlackRock	4.01 mm	+4.01 mm	NEW
BLK BlackRock	0.00	-3.48 mm	EXIT
Vanguard	8.16 mm	+3.45 mm	+73.2%
GROW U.S. Global Investors	7.56 mm	+3.15 mm	+71.4%
Balyasny Asset Management	1.82 mm	+1.35 mm	+290.5%
Schonfeld Strategic Advisors	2.07 mm	-1.29 mm	-38.5%
Boston Partners	236.17 k	-1.14 mm	-82.9%
Towle & Co	2.21 mm	-1.13 mm	-33.8%
Citadel Advisors	807.28 k	+807.28 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ULCC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Feb 25	Howard Diamond	Common Stock	Sell	Dispose S	No	No	8.768	87,830	770.09 k	175,886
20 Feb 25	Mark Christopher Mitchell	Common Stock	Sell	Dispose S	No	No	8.4717	80,479	681.79 k	112,086
20 Feb 25	Mark Christopher Mitchell	Common Stock	Option exercise	Acquire M	No	No	1.3602	80,479	109.47 k	192,565
20 Feb 25	Mark Christopher Mitchell	Stock Options Common Stock	Option exercise	Dispose M	No	No	1.3602	80,479	109.47 k	0
19 Feb 25	Mark Christopher Mitchell	Common Stock	Sell	Dispose S	No	No	9.0816	78,324	711.31 k	112,086
19 Feb 25	Mark Christopher Mitchell	Common Stock	Option exercise	Acquire M	No	No	1.3602	78,324	106.54 k	190,410
19 Feb 25	Mark Christopher Mitchell	Stock Options Common Stock	Option exercise	Dispose M	No	No	1.3602	78,324	106.54 k	80,479
19 Feb 25	Steve Schuller	Common Stock	Sell	Dispose S	No	No	9.0804	10,000	90.80 k	74,330
19 Feb 25	Howard Diamond	Common Stock	Sell	Dispose S	No	No	9.2014	43,876	403.72 k	263,716
18 Feb 25	Howard Diamond	Common Stock	Sell	Dispose S	No	No	8.9023	326,581	2.91 mm	307,592