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


Leave a Reply

Your email address will not be published.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



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