Citi Lifts PT on Frontier Group Holdings (ULCC) Following Fiscal Q1 Results The airline industry has experienced significant turbulence in recent years, with carriers struggling to adapt to changing consumer habits and shifting market conditions.
Amidst this turmoil, one low cost carrier is drawing attention: Frontier Group Holdings, Inc. , parent company of ultra low cost carrier Frontier Airlines.
Citi's latest move – increasing its price target on ULCC to $5 from $4. 90 – has sent shockwaves through the investment community.