Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 5:53:36 AM CST

Learn about Newser Points »

« Back to the grid | Next story »

Frontier Airlines Latest Carrier to File for Bankruptcy

Posted Apr 11, 08 6:25 AM CDT in Business 

(Newser) – Discount carrier Frontier Airlines today said it was filing for Chapter 11 but would keep flying thorough its reorganization, the Wall Street Journal reports. The carrier made the move after its credit-card processing company decided to withhold a larger share of ticket revenues from Frontier. Aloha and ATA also declared bankruptcy this month; both discontinued operations. Frontier reported a $18.7-million loss in 2007.

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Vick's Finances Have Gone to the Dogs

    Nov 22, 08 10:45 AM CST
    Vick's Finances Have Gone to the Dogs Michael Vick is millions of dollars in debt, with his main hope of solvency hinging on the uncertain prospect of returning to the NFL, the AP reports. The former QB's bankruptcy filing puts his assets at $16 million but his debts at $20.4 million. Friends and family drive around in fancy cars provided by the player's former largesse, but Vick himself now makes 12 cents an hour in prison.
    More »

  • Save GM With Guided Bankruptcy

    Nov 18, 08 8:07 AM CST
    Save GM With Guided Bankruptcy GM is claiming all it needs is a “bridge loan,” but the automaker is losing money so fast that bridge would be burned by February, writes Andrew Ross Sorkin in the New York Times. What GM really needs is bankruptcy—but one guided by the government. “Taxpayers shouldn’t fork over a cent, at least until shareholders are wiped out, management is tossed out, and the industry is completely reorganized.” Sorkin goes on to spell out how it should work.
    More »

  • Circuit City Files for Bankruptcy

    Nov 10, 08 8:21 AM CST
    Circuit City Files for Bankruptcy Circuit City Stores has filed for bankruptcy protection today, about a week after it said it would close 20% of its stores. The electronics retailer, based in Richmond, Va., has struggled as nervous consumers spend less and credit tightens.
    More »

  • Bankrupt Mervyn's Goes Belly Up

    Oct 18, 08 6:39 AM CDT
    Bankrupt Mervyn's Goes Belly Up Mervyn's will be closing all of its 149 stores before the end of the year and holding huge going-out-of business sales, the Bay Area's Daily Review reports. The California-based department store chain filed for bankruptcy in July and had been fruitlessly scrambling for a sale or a deal with landlords and creditors that would keep it alive. More than 3,000 jobs will be lost in the Bay Area alone.
    More »

  • Boscov's Files for Chapter 11

    Aug 4, 08 2:18 PM CDT
    Boscov's Files for Chapter 11 The troubled department store chain Boscov's filed for Chapter 11 bankruptcy protection today, becoming the latest victim of the harsh consumer spending environment. The Reading, Pa.-based chain said it will close 10 of its 49 stores, citing sluggish consumer spending and credit issues—and acknowledging that some of its suppliers had stopped shipping merchandise to the company—as contributing factors. More »

Frontier Airlines Holdings Inc. said Friday April 11, 2008 it has filed for Chapter 11 bankruptcy protection but plans to continue normal business operations throughout its reorganization.   (AP Photo/David Zalubowski, FILE)
Frontier Airlines Inc. releases fourth-quarter earnings Thursday. Frontier Airlines Holdings Inc. said Friday April 11, 2008 it has filed for Chapter 11 bankruptcy protection .   (AP Photo/Paul Sakuma, FILE)
Frontier Airlines Holdings Inc. said Friday April 11, 2008 it has filed for Chapter 11 bankruptcy protection but plans to continue normal business operations throughout its reorganization.   (AP Photo/David Zalubowski, FILE)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 3)

Tags

bankruptcy • Chapter 11 • Aloha Airlines • ATA • Frontier Airlines


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Business Stories

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »