IBJNews

Republic Airways subsidiary cutting 213 jobs

Back to TopCommentsE-mailPrintBookmark and Share

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.
 

ADVERTISEMENT

  • Yet another
    More unemployment. An indication that things are really not getting better economically.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT