Frontier Airlines News
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Airbus SAS has handed over the last A318 plane left in its backlog to a corporate VIP customer, leaving its smallest and least successful model without remaining orders for the first time in 10 years of production.
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Frontier Airlines will cut 220 jobs as it reduces flight operations in Denver and Milwaukee after parent Republic Airways Holdings Inc. said the carrier would be sold or spun off.
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Republic Airways Holdings Inc. jumped the most since the shares began trading in 2004 after expanding its restructuring of Frontier Airlines and saying it plans to sell or spin off the carrier acquired out of bankruptcy in 2009.
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Frontier Airlines pilots approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit.
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Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.
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Republic Airways Holdings Inc., the parent of Frontier Airlines, erased an earlier decline to climb 4.8 percent after forecasting a third-quarter profit topping analysts’ estimates.
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The U.S. Commodity Futures Trading Commission proposed a new “account class” to protect the derivatives positions and collateral of customers of bankrupt commodity brokers.
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Yellow-page publisher R.H. Donnelley Corp. filed a Chapter 11 petition late yesterday in Delaware along with agreement on a reorganization plan reducing debt by $6.4 billion and giving all of the new stock and $300 million in unsecured notes to holders of 11 issues of unsecured notes.
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Frontier Airlines will cut daily departures from Milwaukee by 44 percent to drop unprofitable flights as parent Republic Airways Holdings Inc. prepares to sell or spin off the carrier.
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American Airlines is ready to consider mergers and other restructuring options after evaluating potential revenue and costs if it stays independent following bankruptcy, Chief Executive Officer Tom Horton said.
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