in

Budget airline Frontier Airlines files for an IPO … again


Frontier Airlines planes stand at gates on the A Concourse at Denver International Airport in Denver.

David Zalubowski | AP

Frontier Airlines filed for an IPO on Monday, a second try to go public that comes because the business is attempting to rebound from the Covid-19 pandemic.

The airline is at present owned by non-public fairness agency Indigo Partners, whose managing companion is airline business veteran and low-cost pioneer Bill Franke.

The provider had a $225 million loss in 2020 on income of $1.25 billion in contrast with internet revenue of $251 million on gross sales of $2.5 billion a yr earlier, in accordance with a regulatory submitting on Monday.

The firm dropped plans to IPO final summer season after submitting in 2017.

The Denver-based airline plans to listing on Nasdaq underneath the ticker FRNT.

This is breaking information. Check again for updates.



Source hyperlink

What do you think?

Written by Business Boy

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Elon Musk wants to connect RVs and trucks to the internet through SpaceX’s Starlink satellites

Connecticut governor defends easing Covid restrictions, says many at-risk residents vaccinated