ULCC - Why Frontier Group Holdings Stock Flew Higher in February
2024-03-01 16:31:02 ET
The parent of Frontier Airlines had a better-than-expected fourth quarter and gave investors reason to believe it could fly through whatever headwinds might lie ahead. The stock took off as a result, with shares of Frontier Group Holdings (NASDAQ: ULCC) up 42.5% for the month, according to data provided by S&P Global Market Intelligence .
Airline investors have been taken for a ride in recent years. The industry sank during the pandemic but rebounded nicely, only to see fears of a slowing economy and questions about long-term demand pressuring stocks in 2023. Frontier holders have also endured some company-specific course corrections, as JetBlue Airways broke up Frontier's planned acquisition of Spirit Airlines .
Frontier is smaller than most of its rivals, but if all goes to script, it could end up being one of the industry's better growth stories. Investors got a reminder of that potential when the airline released fourth-quarter results.
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Why Frontier Group Holdings Stock Flew Higher in February