ADDED
The registrant had 229,609,718 shares of common stock, $0.001 par value per share, outstanding as of February 13, 2026.
The risks identified below are more fully described in Part I, Item 1A, Risk Factors.
tax legislation; our ability to use our net operating loss carryforwards; any tariffs imposed on commercial aircraft and related parts; the loss of key personnel; our reliance on our private equity sponsor; fluctuations in our quarterly results of operations; and our lack of membership in a marketing alliance or codeshare arrangement.
citizens; and our reliance on dividends, distributions and other payments from our subsidiaries.
General Risk Factors potential involvement in litigation that could have a material adverse effect on our business.
As of December 31, 2025, we had a fleet of 176 Airbus single-aisle aircraft, consisting of 6 A320ceos, 89 A320neos, 21 A321ceos and 60 A321neos.
Our Business Model Our business model is based on our unique ULCC strategy and customer offerings.
To enhance our brand and support measured and sustainable growth, we are focused on strengthening our position as a high-value, low-fare carrier by delivering a higher-quality customer experience than traditionally associated with ultra-low-fare airlines while maintaining our structural cost advantage.
In addition, premium seating options, including planned First Class Seating ( First Seats ) seating by the end of 2026 and planned offering of onboard Wi-Fi by the end of 2027, are intended to support customer loyalty, broaden appeal across traveler segments and create additional ancillary revenue opportunities while preserving our low-fare foundation.
In addition to these priorities, we continue investing in digital capabilities such as an upgraded website and mobile app, environmental efficiency and brand initiatives intended to strengthen our position as a differentiated value airline while maintaining the economic discipline that underpins our low-fare model.
REMOVED
The registrant had 227,248,474 shares of common stock, $0.001 par value per share, outstanding as of February 14, 2025.
The risks identified below are more fully described in Part I, Item 1A, Risk Factors .
( Frontier ), an ultra low-cost carrier whose business strategy is focused on Low Fares Done Right .
As of December 31, 2024, we had a fleet of 159 Airbus single-aisle aircraft, consisting of 8 A320ceos, 82 A320neos, 21 A321ceos and 48 A321neos.
Our Business Model Our business model is based on our unique Low Fares Done Right strategy.
We strategically focus on routes where we believe our business model will stimulate demand and growth.
This strategy has historically enabled us to reduce the seasonality of our revenue, improve utilization, lower unit costs, increase revenues and enhance profitability.
Biffle, our Chief Executive Officer, previously served as Chief Executive Officer for VivaColombia and Executive Vice President and Chief Marketing Officer for Spirit Airlines, and held various management roles with US Airways and American Eagle Airlines, a regional airline subsidiary of American Airlines; James G.
Schroeter, our Senior Vice President, Chief Commercial Officer, previously served as Senior Vice President, Chief Marketing Officer for Spirit Airlines; Trevor J.
As of December 31, 2024, we had $935 million of total available liquidity, consisting of $730 million in unrestricted cash and cash equivalents and $205 million in total undrawn capacity on our revolving loan facility, and our capital structure was comprised of the following (please refer to Notes to Consolidated Financial Statements 8.