DATE: April 11, 2008
ATTN: Travel Manager/Arranger/Travelers
Frontier Airlines filed for bankruptcy protection today, citing unexpected problems with its credit card processor, but said it would operate its normal flight schedule.
Despite filing for bankruptcy, Frontier said it believes it has enough cash to match its operating costs. The airline reported a fouth-quarter loss in January, citing higher fuel prices - and said it would sell four of its nearly two dozen Airbus jets to bolster its cash position.
Travel One will continue to keep our clients informed of news and information that may affect their corporate travel program. Please contact your Travel One reservationist at 952-854-2555 or 1-800-245-1111 for the most current travel information.
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For vacation travel, call Travel One at 952-854-2551 or 800-247-1311 and ask for a Leisure Agent.
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