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ULCC

Frontier Group Holdings, Inc.

Sector: industrialsAirlines, Airports & Air ServicesNASDAQMarket Cap: $1.19B

Ultra-low-cost carrier with minimal direct government dependence but exposure to aviation regulation, fuel policy, and labor relations.

Govt Dependence
25/100
Regulatory Density
65/100
Lobbying Intensity
15/100
Political Signal
MEDIUM

BusinessWhat ULCC does

Frontier Group Holdings operates Frontier Airlines, an ultra-low-cost carrier (ULCC) providing scheduled air transportation primarily in the US domestic market. Revenue derives from passenger ticket sales, ancillary fees (baggage, seat selection), and cargo services.

Lifetime Government AwardsULCC federal contracts

ULCC doesn't hold direct federal contracts.

Verified via USASpending.gov: $0 reported in direct prime-contract awards. Companies in this position typically sell federal services indirectly through prime contractors and integrators (e.g., Lockheed Martin, Booz Allen, Microsoft Azure) or through commercial channels that don't appear in USASpending data.

Smart Money · 13F HoldingsHedge funds holding ULCC

$72.5M
Total ULCC held by tracked 13F funds
26
Funds with ULCC positions
+26
Funds opened this quarter
Two Sigma Investments $10M opened 2025-12-31
Two Sigma Investments $7M opened 2024-12-31
Citadel Advisors $7M opened 2024-03-31
Two Sigma Investments $6M opened 2025-03-31
D.E. Shaw & Co. $6M opened 2025-12-31
Citadel Advisors $5M opened 2025-09-30
Citadel Advisors $4M opened 2024-09-30
D.E. Shaw & Co. $4M opened 2025-03-31
18 more 13F positions tracked · quarterly delta charts available in member dashboard

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

No Form 4 activity recorded in the last 180 days.

Bills to WatchLegislation flagged by our analysis

FAA reauthorizationlabor relations/RLA amendmentsfuel tax policyslot allocation reform

Political ProfileWhere ULCC sits in Washington

Stock responds to FAA reauthorization, labor legislation (RLA reform), fuel policy, and slot/capacity decisions at major hubs. Sector-wide regulatory events (e.g., pilot shortage, environmental mandates) move ULCC valuations materially.

Regulatory ExposureThreats & opportunities

Regulatory threats

  • pilot/flight attendant unionization pressure
  • environmental/emissions standards
  • slot congestion at major hubs
  • fuel surcharge regulation

Regulatory opportunities

  • slot allocation at congested airports
  • fuel tax exemptions or credits
  • labor cost containment via RLA framework
  • international route expansion

LobbyingWho's hired to advocate for ULCC

Airlines for AmericaRegional Airline Association
Member intelligence layer

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Frequently AskedAbout ULCC & political exposure

Does Frontier Group Holdings, Inc. (ULCC) hold federal contracts?
No direct prime contracts reported in USASpending.gov for Frontier Group Holdings, Inc.. Companies in the semiconductor and AI hardware sectors often sell to the federal government via prime contractors and cloud resellers (Microsoft Azure, AWS, Lockheed Martin systems integration) rather than as direct primes.
What is ULCC political risk profile?
Government dependence: 25/100. Lobbying intensity: 15/100. Political signal: medium.
How does GovGreed track ULCC political activity?
GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. ULCC data is updated daily from these official federal sources.