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Created: 04/11/2008 11:49:43 AM - Followers: 5 - Board type: Free - Posts Today: 0

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7001 Tower Road
Denver, CO 80249

Phone: 720-374-4200
Fax: 720-374-4375

Web site

Sector: Services
Industry: Regional Airlines
Full Time Employees: 5,200
Exchange: NASDAQ

Shares Outstanding: 36.64M
Float: 29.77M
% Held by Insiders: 27.22%
% Held by Institutions: 60.80%

Frontier Airlines Holdings, Inc., through its subsidiaries, provides air transportation for passengers and freight. The company operates jet service carriers linking from its Denver, Colorado hub to 46 cities coast-to-coast, 8 cities in Mexico, and 1 city in Canada, as well as provides service from other non-hub cities, including service from 10 non-hub cities to Mexico. As of May 18, 2007 it operated 59 jets, including 49 Airbus A319s and 10 Airbus A318s. The company was founded in 1994 and is headquartered in Denver, Colorado.

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Share price

Sean Menke Speaks Out
Frontier CEO: Credit-card processors eyeing airline industry
Thursday April 17, 6:30 pm ET
By Sandy Shore, AP Business Writer
Credit-card processing companies visiting other airlines, Frontier Airlines CEO says

DENVER (AP) -- The head of Frontier Airlines Holdings Inc., which is reorganizing under bankruptcy protection, said Thursday credit-card processing companies are visiting other airlines, too, worried by the industry's financial struggles.

In an interview with The Associated Press, Chief Executive Officer Sean Menke said the processors are concerned because the industry is coping with persistently high fuel prices, a credit market crunch and the slowing economy.

The card processors don't want to be on the hook for ticket refunds if airlines stop flying.

"I do know that airlines are being visited and they're being visited for all the same reasons that we were visited," Menke said. He declined to name which airlines were involved.

Menke's comments came a week after the Denver-based parent of Frontier Airlines filed a Chapter 11 petition in U.S. Bankruptcy Court to gain protection as it restructures debt. He said Thursday the airline is focused on staying a standalone carrier as it reorganizes under bankruptcy protection.

Menke said Frontier was forced into the move because its credit card processing company, First Data Corp., sought to hold up to 100 percent of proceeds from ticket sales in reserve until the passengers' flights are completed.

The filing prevents Greenwood Village, Colo.-based First Data from implementing the change until Frontier emerges from bankruptcy or received a judge's approval.

"We're in discussions with them looking for a resolution to this," Menke said.

Some analysts who follow the credit card processing industry said it's likely that the companies would re-evaluate the risk potential of individual airlines.

"In my opinion, I think they will be doing that just because of what the airline industry is going through," said analyst Adil Moussa of Aite Group, which is a market research company for financial industry.

Any decision, however, depends on the individual carrier's financial picture, Digital Transactions magazine Editor John Stewart said.

From its Denver International Airport hub, Frontier battles Southwest and United Airlines in an atmosphere that has kept ticket prices low. Analysts have mixed views about whether the airline will emerge successfully from bankruptcy, saying a critical factor will be its reorganization plan.

Menke said he is re-evaluating every part of the operation. While nothing has been ruled out, he has no plans now to lay off any of Frontier's 6,000 employees.

Since he became CEO in August, the price of oil has risen $70 a barrel.

The airline has adjusted its routes, reached an agreement to sell four jets and laid off about 100 employees. It also launched a turboprop subsidiary, called Lynx Aviation, to reach into small and mid-sized markets with higher-yield traffic.

Last month, Frontier posted a record 84 percent load factor -- the number of seats filled on a plane. That compared with about 77 percent in March 2006.

"All the changes are being reflected in the bottom line relative to production," Menke said. "In any other year, I'd be doing cartwheels or backflips" with those results.

As he examines operations, Menke is focused on staying independent but is looking at marketing agreements or other such partnerships and implementing a tiered fare structure where passengers pay more for additional services.

"I think everybody understands the pressure this industry is under right now and we have to find ways of driving additional revenue," he said. "We have to find ways of finding more cost savings and that will continue to be my focus."

King Capital Investment Group

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#393 and we got screwed------------maybe something will show up tmonkey 10/28/2009 05:42:20 PM
#392 it shows in mine too. if we have Clueless4ever 10/28/2009 05:38:05 PM
#391 looks bad but i want to know if tmonkey 10/28/2009 03:58:55 AM
#390 Are we done here? Can they just cancel Clueless4ever 10/27/2009 08:35:44 PM
#389 i cant believe they can steal this from tmonkey 10/05/2009 01:22:06 PM
#388 Not all Q stocks, only those that intend helraiser 10/05/2009 09:39:19 AM
#387 FRNTQ CHART For Educational Purpose Only Stock Dead. I Like Bottom Fishing 10/04/2009 06:00:59 AM
#386 Thanks thewicked1 10/01/2009 06:21:00 PM
#385 On helraiser 10/01/2009 04:37:41 PM
#384 Even though sec filing clearly states unsold shares thewicked1 10/01/2009 02:28:15 PM
#383 As they're not issuing a new ticker symbol helraiser 10/01/2009 12:43:39 PM
#382 What happens to investors who have shares already. thewicked1 10/01/2009 12:20:57 PM
#381 DEREGISTRATION OF SHARES (full filing @ helraiser 10/01/2009 12:09:44 PM
#380 News for 'FRNTQ' - (DJ Airline Shares Fall I Like Bottom Fishing 10/01/2009 11:54:48 AM
#379 News for 'FRNTQ' - (Frontier Airlines Emerges from I Like Bottom Fishing 10/01/2009 11:48:29 AM
#378 News for 'FRNTQ' - (Republic Airways Completes Acquisition I Like Bottom Fishing 10/01/2009 11:46:02 AM
#377 News for 'FRNTQ' - (Frontier to close reservations I Like Bottom Fishing 09/30/2009 10:37:31 AM
#376 Rally into losing all your shares? Derekz 09/29/2009 02:53:29 PM
#375 10/01 2009 the Rally is beginning winndows 09/29/2009 01:35:38 PM
#374 .079 STILL GETTING HIT Bertsllc 09/28/2009 12:33:53 PM
#373 Shares are being CANCELLED... Derekz 09/28/2009 12:33:33 PM
#372 It's too bad... RJET is getting a good helraiser 09/28/2009 12:26:47 PM
#371 Just talked to IR at Frontier, all shares cancelled learning as I go 09/28/2009 12:22:48 PM
#370 Oct 1st is D-Day... that's when you either helraiser 09/28/2009 12:14:27 PM
#369 FRNTQ, coming out of BK on Oct 1 learning as I go 09/28/2009 12:06:53 PM
#368 Actually folks, as per their latest 8-k, the helraiser 09/28/2009 10:07:45 AM
#367 Here's what someone else thinks is gonna happen ChrisJP 09/27/2009 11:17:39 AM
#366 this news was from sept 10 and the tmonkey 09/26/2009 02:24:58 PM
#365 That is what I thought as well until SmoothTrader61 09/26/2009 12:14:18 PM
#364 pennyrat---i cant believe that this profitable airlines would tmonkey 09/26/2009 02:59:04 AM
#363 Best thing to do is to go and Derekz 09/26/2009 12:17:11 AM
#362 Thanks, that is what I was thinking and hoping SmoothTrader61 09/25/2009 08:23:36 PM
#361 I am assuming that FRNTQ will keep their airaams 09/25/2009 07:41:33 PM
#360 Do you know a way that this answer SmoothTrader61 09/25/2009 07:31:33 PM
#359 Frontier expects to emerge from bankruptcy on Oct. airaams 09/25/2009 07:25:43 PM
#358 It's possible. Derekz 09/25/2009 04:45:38 PM
#357 It sounds as if the old shares will PeanutButterJellyTime 09/25/2009 04:45:24 PM
#356 I don't know, so I will take the Derekz 09/25/2009 04:45:21 PM
#355 I don't know, I hope someone here will SmoothTrader61 09/25/2009 04:43:55 PM
#354 What will happen to the current shares when Jones442 09/25/2009 04:35:48 PM
#353 and down the tube it goes. Derekz 09/25/2009 03:57:08 PM
#352 REG SHO listed 2 days utmostbastard 09/24/2009 07:48:27 AM
#351 Ready to go for a ride. Derekz 09/23/2009 02:15:29 PM
#349 Thanks thewicked1 09/14/2009 12:03:39 PM
#348 if no shares in republic are to be tmonkey 09/14/2009 10:07:23 AM
#347 The old Frontier shares will be canceled. thewicked1 09/14/2009 04:09:33 AM
#346 .07 on bid now ---i know it wont tmonkey 09/14/2009 02:30:40 AM
#345 missed the dump yesterday-last 2 times i got tmonkey 09/11/2009 03:22:03 AM
#344 This stock can do anything IMO The Night Stalker 09/11/2009 12:41:57 AM
#343 "the company will emerge from bankruptcy on or mr1 09/10/2009 11:08:20 PM
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