/Budget airline Frontier Airlines files for an IPO … again
Budget airline Frontier Airlines files for an IPO ... again

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 attempt to go public that comes as the industry is trying to rebound from the Covid-19 pandemic.

The airline is currently owned by private equity firm Indigo Partners, whose managing partner is airline industry veteran and low-cost pioneer Bill Franke.

The carrier had a $225 million loss in 2020 on revenue of $1.25 billion compared with net income of $251 million on sales of $2.5 billion a year earlier, according to a regulatory filing on Monday.

The company dropped plans to IPO last summer after filing in 2017.

The Denver-based airline plans to list on Nasdaq under the ticker FRNT.

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