Frontier Group Holdings, Inc. Announces New Board Member

Rhea-AI Summary

Frontier Group Holdings (NASDAQ: ULCC) appointed Anthony Salcido to its Board of Directors effective February 9, 2026. According to the company, Salcido brings corporate financial leadership experience, including service as Chief Accounting Officer of Toyota Motors North America from June 2017 to July 2019.

He also held senior financial roles at Toyota since 2005, served as Audit and Finance Committee chair on several nonprofit and corporate boards, and holds a B.S. in business administration from the University of Southern California. He is a Certified Public Accountant (inactive).

Positive

• Adds former Toyota Chief Accounting Officer experience (June 2017–July 2019)
• Strengthens board financial oversight through Audit and Finance committee leadership
• Brings long corporate finance tenure dating to 2005

Negative

• None.

News Market Reaction

-2.45%

10 alerts

-2.45% News Effect

-8.2% Trough in 1 hr 30 min

-$37M Valuation Impact

$1.46B Market Cap

0.1x Rel. Volume

On the day this news was published, ULCC declined 2.45%, reflecting a moderate negative market reaction. Argus tracked a trough of -8.2% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $37M from the company's valuation, bringing the market cap to $1.46B at that time.

Data tracked by StockTitan Argus on the day of publication.

DENVER, Feb. 9, 2026 /PRNewswire/ -- Frontier Group Holdings, Inc. (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., today announced the appointment of Anthony Salcido to the company's Board of Directors.

"We are very pleased to have Mr. Salcido join the Frontier Board of Directors," said William A. Franke, chairman of Frontier Group Holdings, Inc. "His deep experience in corporate financial leadership and other key areas of financial discipline will be of tremendous benefit to our organization."

Mr. Salcido served as the Chief Accounting Officer of Toyota Motors North America from June 2017 until his retirement in July 2019, after previously serving in various senior financial positions within Toyota since January 2005. He currently serves on the Board of Trustees and as Finance Committee Chair for Social and Public Art Resource Center, a Los Angeles-based organization whose mission is to preserve, protect and promote socially relevant artwork.  Mr. Salcido also served on the Board of Trustees and as Audit Committee Chair of the Hispanic Scholarship Fund from January 2008 to September 2021.  He served as Audit Committee Chair of Toyota Motors Credit Corporation from January 2011 to July 2019.

He holds a B.S. in business administration from the University of Southern California and is a Certified Public Accountant (inactive). 

About Frontier Airlines
Frontier Airlines, Inc. (NASDAQ: ULCC) is committed to delivering Low Fares Done Right. Headquartered in Denver, Frontier operates one of the youngest and most fuel-efficient fleets in the U.S. With its expanding network, America's best value loyalty program, and bold new product offerings, Frontier is redefining low-fare travel and building the New Frontier as America's Low Fare Airline.

View original content to download multimedia:https://www.prnewswire.com/news-releases/frontier-group-holdings-inc-announces-new-board-member-302682737.html

SOURCE Frontier Group Holdings, Inc.

FAQ

Who is Anthony Salcido and why did Frontier (ULCC) appoint him to its board on February 9, 2026?

He is a finance executive with Toyota CAO experience; Frontier named him to bolster financial oversight. According to the company, Salcido served as Chief Accounting Officer of Toyota Motors North America (June 2017–July 2019) and held senior finance roles since 2005.

What specific financial experience does Frontier (ULCC) say Anthony Salcido brings to the Board?

He brings corporate accounting and audit leadership experience from Toyota and nonprofits. According to the company, Salcido was Toyota Motors North America Chief Accounting Officer and served as Audit and Finance Committee chair on multiple boards.

Does Anthony Salcido hold professional credentials relevant to Frontier (ULCC) board duties?

Yes; he holds a B.S. in business administration and is an inactive Certified Public Accountant. According to the company, these credentials support his expected contributions to financial governance and oversight.

Will Anthony Salcido’s appointment to Frontier (ULCC) change executive management roles immediately?

No immediate executive management changes were announced with the board appointment. According to the company, the announcement solely names Salcido as a new board member and highlights his financial governance background.