Shares of Frontier Group Holdings, Inc. (ULCC) soared 7.64% in intraday trading on Wednesday after the parent company of Frontier Airlines reported its third-quarter financial results and provided a better-than-expected outlook for the fourth quarter.

Despite reporting a net loss of $77 million, or $(0.34) per share, for Q3 2025, Frontier Group's performance showed signs of improvement. The company's total revenue for the quarter was $886.0 million, with a revenue per available seat mile (RASM) of 9.1 cents. Notably, the stage-adjusted RASM increased by 2% year-over-year, indicating improved efficiency in the company's operations.

Investors were particularly encouraged by Frontier Group's fourth-quarter guidance. The company expects adjusted diluted earnings per share to range from $0.04 to $0.20, suggesting a potential return to profitability. This outlook, combined with the company's cost-control efforts and strategic capacity management, appears to have boosted investor confidence in Frontier's ability to navigate the challenging airline industry landscape.