Frontier Group slumps on bigger-than-expected Q3 loss forecast

Shares of Frontier Group ULCC.O, parent of discount carrier Frontier Airlines, fall nearly 15% to about $3.4

Company forecasts Q3 adjusted loss per share in the range of 26 cents to 42 cents, compared with analysts' average estimate of an 11 cent-loss - data compiled by LSEG

Domestic supply and demand balance is anticipated to improve sequentially over the next several months in Frontier markets, says CEO Barry Biffle

Q2 total revenue falls 4.5% to $929 million, compared with the estimate of $946.12 million

Posts Q2 loss per share of 31 cents, compared with a 14-cent profit a year earlier

One of 12 brokerages rate the stock "buy", 10 "hold" and one "sell"; median PT is $4 - data compiled by LSEG

Including session moves, shares down about 52% YTD