Getting your player ready...
Frontier Airlines Inc. said it will emerge from bankruptcy on Oct. 1. as a wholly owned unit of Republic Airways Holdings Inc. The airline won court approval of its bankruptcy plan Sept. 10, clearing the way for the sale to Republic. The company, citing reorganization costs of $10.5 million, said Friday in a statement that it had a net loss of $2 million in August, compared with a $3.3 million profit a year ago.
“We still managed a $10 million operating profit in August,” Frontier president and chief executive Sean Menke said in the statement.
