Who Owns Frontier Airlines?
Updated onExplore the ownership hierarchy of Frontier Airlines. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Frontier Airlines is a U.S.-based ultra-low-cost carrier offering low-fare domestic and international flights across the United States, Caribbean, Mexico, and Central America with an à la carte pricing model.
Starts at $19 / per one-way ticket
Frontier Group Holdings, Inc.
Publicly traded ultra-low-cost airline holding company and parent of Frontier Airlines, headquartered in Denver, Colorado, that provides low-fare passenger air travel across the United States and select international markets.
Frontier Airlines is a U.S.-based ultra-low-cost carrier offering low-fare domestic and international flights across the United States, Caribbean, Mexico, and Central America with an à la carte pricing model.
Starts at $19 / per one-way ticket
Frontier Group Holdings, Inc.
Publicly traded ultra-low-cost airline holding company and parent of Frontier Airlines, headquartered in Denver, Colorado, that provides low-fare passenger air travel across the United States and select international markets.
Major Shareholders
Frontier Group Holdings, Inc.
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
William A. Franke Largest individual shareholder; MarketScreener and related ownership data report he holds about 67.4M ULCC shares (~29.4% of outstanding) after the 2024 Indigo Partners distribution. | Individual | 29.4% | 29.4% | May 2025 |
Group Holdings - Frontier LLC Private holding company that directly owns roughly 34.4M ULCC shares (~15% stake) according to institutional-holder filings. | Corporate | 15.0% | 15.0% | Mar 2025 |
Indigo Partners LLC Private equity firm focused on airlines; after distributing most Frontier shares in April 2024, it still directly holds about 32.1M ULCC shares (~14%). | Institutional | 14.0% | 14.0% | Jun 2025 |
Wildcat Capital Management, LLC Hedge fund that directly owns about 28.1M ULCC shares (~12.3%), making Frontier its largest disclosed holding. | Institutional | 12.3% | 12.3% | Jun 2025 |
Vanguard Fiduciary Trust Co. (The Vanguard Group, Inc.) Vanguard-affiliated entity holding around 7.8M ULCC shares (~3.4%) via index and other funds. | Institutional | 3.4% | 3.4% | Jun 2025 |
Silver Point Capital LP Credit- and special-situations focused investment firm; filings show ownership of about 6.26M ULCC shares (~2.7%). | Institutional | 2.7% | 2.7% | — |
BlackRock Advisors LLC (BlackRock, Inc.) BlackRock group entities collectively report holding roughly 6.1–6.4M ULCC shares (about 2.7–2.8% of the company). | Institutional | 2.7% | 2.7% | Jun 2025 |
Brian H. Franke Director and significant individual shareholder; MarketScreener reports ownership of about 5.74M ULCC shares (~2.5%). | Individual | 2.5% | 2.5% | May 2025 |
U.S. Global Investors, Inc. Investment manager whose funds collectively own roughly 4.56M ULCC shares (about 2.0%). | Institutional | 2.0% | 2.0% | Sep 2025 |
Ancient Art, L.P. Investment partnership (also known as Teton Capital) holding around 4.3–4.7M ULCC shares, or roughly 1.9% of the company. | Institutional | 1.9% | 1.9% | Jun 2025 |
Dimensional Fund Advisors LP Quantitative asset manager whose funds together own approximately 3.8–4.0M ULCC shares (around 1.7–1.8%). | Institutional | 1.8% | 1.8% | Jun 2025 |
Bank of America Corporation Bank of America and affiliates report beneficial ownership of just over 3.0M ULCC shares (~1.3%). | Institutional | 1.3% | 1.3% | Jun 2025 |
Citigroup Inc. Citigroup-related entities hold roughly 2.5–2.8M ULCC shares, corresponding to about 1.1–1.2% of outstanding shares. | Institutional | 1.2% | 1.2% | Jun 2025 |
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