NPR logo

Frontier Airlines Files for Bankruptcy

  • Download
  • <iframe src="https://www.npr.org/player/embed/89551872/89551838" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Frontier Airlines Files for Bankruptcy

Business

Frontier Airlines Files for Bankruptcy

  • Download
  • <iframe src="https://www.npr.org/player/embed/89551872/89551838" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

STEVE INSKEEP, host:

NPR's business news starts with another airline in Chapter 11.

This time it's Frontier Airlines filing for bankruptcy protection. It's the fourth U.S. carrier to do so in less than a month. Aloha, Skybus and ATA have already shut down.

Frontier says it will keep operating and paying workers. The discount airline has been hit by high fuel costs and the slowing economy, and there's another factor at work. Frontier says its main credit card processor unexpectedly said it would start withholding much of the proceeds from the airline's ticket sales.

Copyright © 2008 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.