Frontier Airlines Latest Carrier to File for Bankruptcy

Discount airline says it will continue flying as it reorganizes
By Jim O'Neill,  Newser User
Posted Apr 11, 2008 6:25 AM CDT
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)
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(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.