Frontier Airlines planes are at the gates of A Concourse at Denver International Airport.
David Zalubowski | A?
Frontier Airlines on Monday called for a public offering, a second attempt to become public, which comes as the industry positions itself for a return to the Covid-19 pandemic.
The airline is owned by private equity firm Indigo Partners, whose management partner is airline veteran and low-cost pioneer Bill Franke, president of Frontier Airlines.
Airlines are preparing for a return to travel demand, after last year the level of US passengers fell by more than 60% to the lowest point since 1984.
Budget airlines with similar models to Frontier were among the most optimistic about the recovery. Rival Spirit Airlines, for example, is starting to resume hiring pilots and flight attendants this month. Domestic leisure travel, which those airlines have already concentrated on before the pandemic, is returning faster than business and international travel.
Frontier had a $ 225 million loss in 2020 to $ 1.25 billion in revenue, compared to $ 251 million in net sales of $ 2.5 billion a year earlier, according to a regulatory filing Monday.
The company dropped its IPO plans last summer after filing in 2017.
The Denver airline intends to list the Nasdaq under the FRNT ticker.