Frontier Airlines planes stop at gates on the A Concourse at Denver International Airport.
David Zalubowski | AP
Frontier Airlines filed an IPO on Monday, a second attempt to become public, as the industry positions itself for a setback in the Covid-19 pandemic.
The airline is owned by the private equity firm Indigo Partners, whose managing partner is veteran and inexpensive pioneer Bill Franke, chairman of the airline industry.
Airlines are preparing for a rebound in travel demand after US passenger levels fell by more than 60% last year to the lowest point since 1984.
Cheap airlines with models similar to Frontier were among the most optimistic about the repair. Rival Spirit Airlines, for example, will start hiring pilots and flight attendants again this month. Domestic leisure travel, on which the airlines already focused before the pandemic, is bouncing back faster than business travel and international travel.
Frontier had a $ 225 million loss on revenue of $ 1.25 billion in 2020, compared to a net income of $ 251 million on sales of $ 2.5 billion a year earlier, according to a regulatory filing Monday.
The company dropped plans for an IPO last summer after it was filed in 2017.
The Denver-based airline plans to list on Nasdaq under the shorter FRNT.