Frontier Group (ULCC) shares were up more than 7% in recent trading on Friday after the company reported higher Q1 revenue.

The company reported Q1 adjusted loss on Thursday of $0.19, compared to a loss of $0.09 a year earlier. Analysts polled by FactSet also expected a loss of $0.19.

Operating revenue for the quarter March 31 was $912 million, up from $865 million a year earlier. Analysts expected $909 million.

For Q2, the company is expecting adjusted loss of $0.23 to $0.37 per share. The analysts are looking for a loss of $0.05.

Frontier Group, which is the parent company of Frontier Airlines, said it will not provide full-year 2025 adjusted EPS guidance due to the uncertainty in the demand outlook for the balance of the year.

Price: 3.35, Change: +0.24, Percent Change: +7.72