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Top Contributor: Jack Bass | Created when NOEXCHANGE:NOTICKER was $0.00 | Edit | History
A familiar refrain in the sector - but no way to grow.
Frontier Airlines says it plans to trim capacity, planes and eventually jobs this fall and winter in the wake of its April filing for bankruptcy protection.
The Denver-based carrier announced the cutbacks June 25,2008 but did not say how many jobs might be lost.
It says its mainline capacity will be down 17 percent from September through March compared with the same period a year earlier.
Frontier Airlines Holdings Inc. also will cut its Airbus fleet by seven more planes, on top of the four planes it agreed to sell earlier this year. The fleet cuts will be phased in, beginning in mid-August.
Frontier had 60 Airbus aircraft before the sale of the four planes.
Chief Executive Sean Menke says the moves are difficult but necessary as the airline industry deals with record fuel prices and a slowing economy.
