unsecured debt ratings for ULCC / Frontier Airlines ?

B

billpritjr

Hello

Can anyone point me to a site that shows the debt ratings/scores for Frontier Airlines ?

I tried looking at Yahoo Finance and other places and could not locate anything.

Thank you
 
billpritjr said:
Hello

Can anyone point me to a site that shows the debt ratings/scores for Frontier Airlines ?

I tried looking at Yahoo Finance and other places and could not locate anything.

Thank you
More...
Do you mean these guys ? :)
https://finance.yahoo.com/quote/ULCC?p=ULCC
Many news there, incl. SEC filings. See Balance Sheet for the debts.
More uptodate info usually can be found under the Investor Relations (IR) web page of most listed companys.
You can also subscribe to company news etc. to get the news relevant for investors and traders as quickly as possible (via email).

Company Profile
4545 Airport Way
Denver, CO 80239
United States
720 374 4490
https://www.flyfrontier.com

Sector(s): Industrials
Industry: Airlines
Full Time Employees: 6,959

Frontier Group Holdings, Inc., a low-fare airline company, provides air transportation for passengers in United States and international destinations in the Americas. It offers its services through direct distribution channels, including its website, mobile app, and call center. Frontier Group Holdings, Inc. was incorporated in 2013 and is headquartered in Denver, Colorado.
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Last edited:
QuantumOnline is an excellent resource, but I couldn't find anything there

It is possible that ULCC does not currently have any bonds or notes outstanding that are publicly traded

Do you have a CUSIP or any other data, or any evidence of any kind, that indicates that any publicly traded debt instruments actually exist?

Their balance sheet shows long term debt, but that could be loans that are not publicly traded, such as mortgages or equipment financing, whatever

You may be looking for something that does not exist
 
According to their last 10Q (see page 3 & 4) they have reduced their long term debt from $272 to $220M. They have paid $21M for the first 9 months of the FY so the math indicates a ~12-13% interest rate payment. I'm pretty sure this puts them in the B or CCC aka the lowest of the Junk Bond ratings.

If they were BB it would probably be around 8% interest rate.

Wow their stock only goes in one direction -- down. Their Smart Score (Tip Ranks) is the lowest and they have 36% short interest. This company looks it is going BK. Who knows maybe it will pull a Carvana come back.

[I own the XCCC ETF which a diversified CCC rated junk bond ETF that is how I interpret their 13% rating.]
 
BMK said:
T=whether there are any publicly traded bonds.
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It appears Frontier Group Holdings, Inc. (ULCC) has no publicly traded bonds (at least according to my broker).
upload_2024-1-15_22-45-24.png
 
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