{"id":217374,"date":"2021-04-01T20:23:40","date_gmt":"2021-04-01T17:23:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/budget-airline-frontier-falls-in-nasdaq-debut\/"},"modified":"2021-04-01T20:23:40","modified_gmt":"2021-04-01T17:23:40","slug":"budget-airline-frontier-falls-in-nasdaq-debut","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/budget-airline-frontier-falls-in-nasdaq-debut\/","title":{"rendered":"#Budget airline Frontier falls in Nasdaq debut"},"content":{"rendered":"

“#Budget airline Frontier falls in Nasdaq debut<\/strong>”
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Frontier Airlines\u2019 parent, Frontier\u00a0Group Holdings, was valued at $4 billion after its shares opened 2 percent below their offer price in the low-cost carrier\u2019s market debut on Thursday.<\/p>\n

The stock opened at $18.61, compared with the offer price of $19, which was at the lower end of its $19 to $21 indicated range. The company sold 30 million shares in its initial public offering for a raise of $570 million.<\/p>\n

It plans to use part of the proceeds to repay some of the $150 million in government loans it took under a COVID-19 relief package.<\/p>\n

The listing comes as US airlines begin to emerge from a pandemic-driven crisis, with domestic leisure travel<\/a>-focused carriers such as\u00a0Frontier\u00a0poised to benefit from a quick rebound thanks to the rollout of COVID-19 vaccines.<\/p>\n

Another budget carrier Sun Country Airlines, backed by Apollo Global Management, made its market debut earlier this month.<\/p>\n

Denver, Colorado-based\u00a0Frontier, owned by private equity firm Indigo Partners, turned cash flow positive in early March, Chief Executive Barry Biffle told Reuters.<\/p>\n

The airline flies to more than 100 destinations in the United States, Mexico and the Caribbean and operates 100-plus Airbus A320 family aircraft.<\/p>\n

It averted employee furloughs during the pandemic and was among the first to announce pilot and flight attendant hires.<\/p>\n

Citigroup, Barclays, Deutsche Bank Securities, Morgan Stanley and Evercore ISI are among the underwriters for the offering.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Budget airline Frontier falls in Nasdaq debut” Frontier Airlines\u2019 parent, Frontier\u00a0Group Holdings, was valued at $4 billion after its shares opened 2 percent below their offer price in the low-cost carrier\u2019s market debut on Thursday. The stock opened at $18.61, compared with the offer price of $19, which was at the lower end of its…<\/p>\n","protected":false},"author":1,"featured_media":217375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/frontier-drops-on-debut.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[100353,70996,70908,95696,5007],"class_list":["post-217374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-1-21","tag-air-travel","tag-airlines","tag-frontier-airlines","tag-ipo"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/217374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=217374"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/217374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/217375"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=217374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=217374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=217374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}