Frontier Files for Chapter 11

DENVER, April 11 /PRNewswire-FirstCall/ — Frontier Airlines Holdings, Inc. (Nasdaq: FRNT – News) today announced that, following an unexpected attempt by its principal credit card processor to substantially increase a “holdback” of customer receipts, which threatened to severely impact Frontier’s liquidity, Frontier and its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of…

Continue Reading »