Markets
markets
Max Knoblauch

Frontier sinks as high fuel costs dampen record Q1 revenue, weigh on Q2 earnings guidance

Budget airline Frontier reported its first-quarter results before markets opened on Tuesday. Its shares fell more than 5% in premarket trading.

For Q1, Frontier reported:

  • An adjusted loss of $0.30 per share, compared to Wall Street estimates of a $0.36 loss per share, per analysts polled by FactSet.

  • $1.07 billion in revenue, compared to the $1.05 billion consensus estimate.

  • $268 million in fuel expenses, up 13% from last year. Like the rest of the industry, Frontier has been rocked by higher fuel costs.

Looking ahead, Frontier guided for a second-quarter adjusted loss of between $0.60 and $0.45 per share, deeper than the estimates of a $0.31 loss per share. Frontier said it expects to pay $4.25 per gallon of jet fuel in Q2, up about 48% from Q1.

Frontier shares closed up more than 10% on Friday on reports that rival Spirit would likely cease operations over the weekend. Following Spirit’s shutdown, Frontier climbed more on Monday. The carrier has the most direct route overlap with Spirit of any airline — though it may not benefit from its rival’s downfall as much as larger rivals with more premium ticket exposure.

A group of budget carriers including Frontier has sought $2.5 billion in government assistance to help sustain operations amid higher fuel costs. Following Spirit’s collapse, US Transportation Secretary Sean Duffy said he doesn’t think it’s necessary.

More Markets

See all Markets
Luke Kawa
8/17/26
Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments
Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.
©2026 Sherwood Media, LLC