Republic Airways subsidiary cutting 213 jobs

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Frontier Airlines, a division of Indianapolis-based Republic Airways Holdings Inc., plans to cut 213 jobs at Mitchell International Airport in Milwaukee.

Frontier said in a formal notice Friday to the Wisconsin Department of Workforce Development that the positions will be eliminated permanently in November.

Republic, which acquired Frontier out of bankruptcy in 2009, has been struggling to return the Denver-based airline to profitability.

Shares of Republic have been in a freefall since it posted a $15 million loss for its fiscal second quarter on Aug. 2, mainly due to trouble experienced by Frontier.

The company’s stock opened Monday at $2.91 a share, down nearly 50 percent in the past three months and nearly 70 percent off its 52-week high.

Frontier said last week it plans to cut nearly a third of its 67 flights from Milwaukee in November in a move to end routes that are losing money.

The Milwaukee Journal Sentinel said Frontier's service to six cities will be grounded: Green Bay and Madison, Wis.; Dayton and Cleveland, Ohio; Des Moines, Iowa; and Minneapolis.
 

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In