Overview
- Frontier announced a non-binding agreement with AerCap to early-return 24 A320neo aircraft in the second quarter of 2026, with leases otherwise set to run for two to eight more years.
- As part of the AerCap arrangement, the lessor committed to 10 future sale-leaseback transactions for deliveries scheduled in 2028 and 2029.
- A separate non-binding framework with Airbus would defer 69 A320/A321neo deliveries from 2027–2030 into 2031–2033.
- Management targets about $200 million in annual run-rate savings by 2027, including roughly $90 million in annual rent reductions from the lease terminations and a moderated long-term growth rate near 10%.
- The company expects to finish 2026 with roughly 176 aircraft as 24 planned inductions offset the 24 returns, and it issued 2026 adjusted EPS guidance of −$0.40 to +$0.50 after ending 2025 with $874 million in liquidity.