Frontier Group Holdings, Inc. (ULCC) – Company response
2026-04-08 · Re: Form 10-K for the Fiscal Year Ended December 31, 2025 Filed February 18, 2026 · Accession 0001193125-26-147735 · Responded
Responds to staff letter of 2026-03-17.
2026-03-17 · Form 10-K for the Fiscal Year ended December 31, 2025 Filed February 18, 2026 · Comment 2 · Aircraft Rent Expense and Maintenance Obligations, page 108 Responded
Staff comment: We note that you report aircraft lease extensions in each period which impact your accruals for the right-of-use asset and corresponding liability, although which also yield reductions to aircraft rent due to changes in estimates for lease termination costs. Your accounting policy disclosure explains that some leases with initial terms greater than 12 months include rental escalation clauses, renewal options, termination options and/or other items that cause variability and are factored into the determination of lease payments when appropriate, although does not indicate how these assessments are based on or utilize the criteria of exercise being reasonably certain to occur. Please expand… letter →
Company response: to the Staff’s other questions, although this additional detail may no longer be necessary given that the Company did not exercise any aircraft lease extension options during the fiscal years ended December 31, 2025, 2024 and 2023. During the years ended December 31, 2025, 2024 and 2023, the Company extended a total of 44 aircraft leases. None of these 44 leases had been previously extended in any manner, including pursuant to the exercise of an extension option in the original lease or a separately negotiated amendment, and each lease was extended for the first time pursuant to a separately negotiated amendment to the original lease agreement. The Company has no history of exercising… response letter →
Full letter on EDGAR → · Filing index · All Frontier Group Holdings, Inc. (ULCC) correspondence
Leases (ASC 842) – what to check: Check ROU/lease liability disclosures, discount rate judgments and classification.
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