1, October, 09. Frontier Airlines out of bankruptcy in only 17 months.Turned around successfully out of chapter 11. Sold! To Republic Airlines holdings, for $108.8 million. Frontier gains a sister, Midwest Airlines, lots of added routes and codesharing for all around. Still based in Denver, but will not stay if they can't get Denver Airport to lower landing fees and taxes.
7/31/09 Southwest surprise bid $114 million. Frontier reports 8 straight months of operating a profit.
7/15/09 Judge approves Republic Airways plan to buy Frontier Airlines; Aug. 10 deadline for other bids.
1/29/09 Frontier made enough money in December so that it can now pull it self out of bankruptcy by the summer.
10/06/08 Frontier Reaches Deal With One Union,airline’s dispatchers on wage and benefit cuts that will last through September 2012, but the deal still must be ratified by the members of the Transportation Workers Union and approved by the court overseeing the airline’s bankruptcy case
8/1/08 Teamsters object to Frontier plan
7/29/08 Frontier Airlines accomplished what many critics felt was an impossible task, cementing a deal last week for up to $100 million of financing that could help lift the carrier out of bankruptcy. rockymountainnews.com 7/25/08 Denver-based low-cost carrier Frontier Airlines, which filed for Chapter 11 bankruptcy protection on April 10, has unveiled a debtor-in-possession (DIP) agreement that will raise $75 million for the troubled airline. aviationweek 6/26/08 Frontier Airlines will cut its flight schedule by 17 percent this fall and make "proportional" job cuts, the company said Wednesday. The move may lead to layoffs of up to 1,000 employees and allow Southwest Airlines to further expand in Denver. denverpost.com
Frontier Airlines will begin selling sandwiches, salads and fresh fruit cups on select flights beginning July 1st. Frontier has also begun selling Rockstar energy drinks on all flights as well as Dasani bottled water.
6/20/08 Denver-based Frontier Airlines, which last fall began service to and from Wichita's Mid-Continent Airport, notified the Louisville Regional Airport Authority this week that it will cease operations in Louisville on Aug. 26 -- largely because of the rising price of fuel. bizjournals.com 6/2/08 Severance plan for executives would be capped at $144,180 for each executive in the event the airline folds or they otherwise lose their jobs. bizjournals.com
6/2/08 This is good news. Frontier, First Data reach deal on credit-card processing. Deal will be submitted to a bankruptcy judge for approval in the next few days.
5/30/08 Frontier Airlines and First Data Announce an Agreement on Credit Card Processing Terms PRNEWSWIRE 5/27/08 Frontier Airlines reaches agreement with Teamsters over wage cuts denverbizjournal 5/25/08 Effective June 10, $25 for second bag. Frontier also will prohibit pets from traveling in passenger cabins and implement other changes as it works through restructuring under bankruptcy protection. signonsandiego 5/16/08 Severance packages sought for Frontier execs. bizjournals 5/15/08 Frontier workers face temporary wage cuts of 10 percent bizjournals.com
April 11, Chapter 11, but trying hard to stay alive.
April 14th 08 Frontier Airlines is dropping its flight between Dallas/Fort Worth Airport and Mazatlán, Mexico. No competition, not enough fliers.
1/25/08 reported a net loss of $32.5 million, or 89 cents a share, compared with a net loss of $14.4 million, or 39 cents a share, in the previous third quarter.per USAToday
Frontier Airlines Holdings Inc. late Thursday said it has agreed to sell two of its 49 Airbus A319 aircraft and two of its 11 Airbus A318 aircraft to VTB Leasing for onwards lease to Rossiya Airlines. Financial terms of the deal weren't disclosed.The carrier revised its capacity growth plan in January partly as a result of the rise in fuel costs.Part of that plan was to move forward with the delivery of the larger, 162-seat Airbus A320 aircraft while selling four of our existing aircraft, resulting in revised year-over-year growth of approximately 3% to 5% in fiscal year 2009,' said Chief Executive Sean Menke in a statement.
Menke said the company is 'on track' to achieve the revised growth forecast.
Shares of the Denver-based airline closed the regular session up 14 cents, or 6.1%, at $2.43.