Two potential buyers for Frontier Airlines
Frontier Airlines has two interested buyers since it succeeded in cutting costs to turnaround an $88 million loss in operating income in 2011 to making nearly $30 million in operating income in 2012.
"While we were profitable last year, our level of profitability was nothing to write home about. So we need to improve that, and that means continuing to boost revenue while taking out expense in ways that don't alienate customers and allows us to offer even lower fares," said David Siegel, Frontier's CEO, who was appointed in January 2012.
Parent company Republic hired Barclays Capital in early 2012 to explore the sale of Frontier.