When will Frontier Exit Bankruptcy?

[ClassG]

You F9 people heard anything promising? I know oil's on the rise, but so is your company's stock price!

ClassG

 

[Cornelius]

Late Summer at the earliest is what I heard.

 

[snowman]

as soon as they merge with Virgin America

 

[pilotyip]

Reported a 2.4M profit last quarter

 

[sshrae]

I think its a good idea to stay in bankruptcy protection until they find the best financing deal. Bankruptcy protection gives them them a strong advantage over competitors. Its a great airline and I am really glad they are proving a lot of negative critics on this website wrong. Hang in there guys.

 

[crj567]

As soon as they find someone crazy enough to provide exit financing!

-After what is happening to the creditors from GM and Chrysler, financing is gonna be WAAY harder to obtain!

-Welcome to socialism!

 

[sshrae]

As soon as they find someone crazy enough to provide exit financing!

-After what is happening to the creditors from GM and Chrysler, financing is gonna be WAAY harder to obtain!

-Welcome to socialism!

Not sayin its going to be easy but I think the issue is probably not just getting financing but getting it at other than a loan shark interest rate. Menke seems pretty excited that they wont have a problem.

 

[AKAAB]

Hmmm...which airline just dumped another 23mil shares on the market to raise cash today?

Something is up, but I'm not sure if it involves VA's assets, Frontier's exit financing, or Aer Lingus.

 

[WayBack]

shut'er down!

 

[HDA]

shut'er down!

shut who down? Frontier? Why?

 

[StaySeated]

I think its a good idea to stay in bankruptcy protection until they find the best financing deal. Bankruptcy protection gives them them a strong advantage over competitors. Its a great airline and I am really glad they are proving a lot of negative critics on this website wrong. Hang in there guys.

The only thing BK "gives" us right now is $2 Million per month in attorney fees. Every lease, contract, agreement that needed to be reworked has already been taken care of by now. Operating within Ch. 11 does nothing but burn cash.

 

[sshrae]

The only thing BK "gives" us right now is $2 Million per month in attorney fees. Every lease, contract, agreement that needed to be reworked has already been taken care of by now. Operating within Ch. 11 does nothing but burn cash.

So then I guess its just a matter of finding the right financer. Does Menke say there are any promising leads?

 

[StaySeated]

So then I guess its just a matter of finding the right financer. Does Menke say there are any promising leads?

Menke plays it pretty close to the vest, as any CEO would in his position. The mood around the GO has changed from funeral-like to almost giddy. At least two or three people over there feel that they are going to be ok coming out the other end, who knows about the rest of us....

 

[Andy Neill]

Reported a 2.4M profit last quarter

I don't know where you're getting that. I see a $4.36 per share loss for the quarter ending in March and the June earnings have not yet been announced. Are you talking operating profits?

 

[HDA]

I don't know where you're getting that. I see a $4.36 per share loss for the quarter ending in March and the June earnings have not yet been announced. Are you talking operating profits?

Back to your spot under the bridge you little troll!