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Why Frontier Group Is Flying High Today

TheMotleyFool

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A rival's issues could provide opportunities for Frontier Group Holdings (NASDAQ: ULCC). Frontier shares were up more than 25% at the open, and are still up 13% as of 12:45 p.m. ET, after the airline operator was upgraded to a buy in response to shifting market dynamics.

Image source: Frontier Group Holdings.

Frontier is an ultra-low-cost carrier, a segment of the airline sector focused on low fares in exchange for few frills. The most similar competitor in the U.S. market is Spirit Airlines, which was founded with funding from current Frontier board chair Bill Franke.

Source Fool.com

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