Budget carrier Frontier Airlines files for an IPO again

Frontier Airlines filed for an IPO on Monday, a second attempt to go public that comes as the industry positions itself for a rebound from the Covid-19 pandemic…

The airline is owned by private equity firm Indigo Partners, whose managing partner is airline industry veteran and low-cost pioneer Bill Franke, Frontier Airlines’ chairman.

Airlines are gearing up for a rebound in travel demand after U.S. passenger levels last year fell more than 60% to the lowest point since 1984.

Budget airlines with models similar to Frontier’s have been among the most optimistic about the recovery. Rival Spirit Airlines, for example, is beginning to resume hiring pilots and flight attendants this month. Domestic leisure travel, which those airlines already focused on before the pandemic, is bouncing back faster than business and international trips.

Frontier had a $225 million loss in 2020 on revenue of…

Continue reading at CNBC.COM

 

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