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Frontier not as shaky any more
Frontier Airlines had a tough year last year. A generally tough market, made worse by a bankruptcy filing, called the airline's viability into question. But, a strong December could be just the light at the end of the tunnel that this company needs. If all goes well, according to the Rocky Mountain News, it could hit its goal of pulling out of Chapter 11 this summer. In November, Frontier actually turned a profit. While this may not sound like much to you, think of the bump in morale, not to mention that it's a visible sign of progress. The only stumbling block left is the slow winter season and finding some financing to help the airline exit bankruptcy. At the end of November, the company only had $57.2 million in cash and cash equivalents, a number that will have to go up. But, if Frontier can fix that situation, The Tampa Tribune reports that the skies could be clear by June.
[Via USA Today]
Filed under: Business, North America, United States, Airlines, News
