Frontier Airlines files for IPO
Frontier Airlines is ready to go public. The ULCC filed regulatory paperwork Friday for an initial public offering, validating more than a year of speculation that Frontier and its owner, private-equity firm Indigo Partners, were preparing to seek public investors. Frontier will be the first US airline to go public in 3 years. The last was Virgin America, which held its IPO in 2014 and has since agreed to be acquired by Alaska Airlines for US$2.6b. The timing and expected proceeds of the stock sale were not disclosed, although people close to the matter have said Frontier is shooting for some time in Q2. The airline reported net income of $200m in 2016, up nearly 43% since 2014. Of Frontier’s $1.7b in operating revenues in 2016, $726m came from baggage fees and other non-ticket sources. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-03/unaligned/frontier-airlines-files-for-ipo
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Frontier Airlines files for IPO
Frontier Airlines is ready to go public. The ULCC filed regulatory paperwork Friday for an initial public offering, validating more than a year of speculation that Frontier and its owner, private-equity firm Indigo Partners, were preparing to seek public investors. Frontier will be the first US airline to go public in 3 years. The last was Virgin America, which held its IPO in 2014 and has since agreed to be acquired by Alaska Airlines for US$2.6b. The timing and expected proceeds of the stock sale were not disclosed, although people close to the matter have said Frontier is shooting for some time in Q2. The airline reported net income of $200m in 2016, up nearly 43% since 2014. Of Frontier’s $1.7b in operating revenues in 2016, $726m came from baggage fees and other non-ticket sources. <br/>
