IBJNews

Republic to cut 220 Frontier jobs in turnaround bid

Back to TopCommentsE-mailPrintBookmark and Share

Frontier Airlines will cut 220 jobs as it reduces flight operations in Denver and Milwaukee after Indianapolis-based parent Republic Airways Holdings Inc. said the carrier would be sold or spun off.

Frontier hopes to achieve most of the job reductions through attrition or voluntary leaves of absence, Peter Kowalchuk, a Frontier spokesman, said Monday in an e-mail. The number is about 4.4 percent of Denver-based Frontier’s work force of 5,000.

Republic reached agreements earlier with employees, vendors and aircraft lessors as part of a financial restructuring of Frontier, which it bought out of bankruptcy in 2009. Republic said on Nov. 8 that in addition to an unspecified number of job cuts, it was evaluating asset sales and taking on new debt.

“While we could see involuntary layoffs, we are confident that attrition, leaves of absence and switches from full- to part-time will keep that number to a minimum,” Kowalchuk said Monday.

About 100 jobs are being eliminated at Denver International Airport, and about 40 percent of those reductions have been accomplished, he said. Another 120 will be eliminated across all of Frontier’s operations in Milwaukee.

Buying Frontier moved Republic away from its traditional role of providing regional flights for carriers such as Delta Air Lines Inc. and into competition on main jet routes.

Republic CEO Bryan Bedford said last week that the company was hiring advisers to “begin the process of looking for shareholder-friendly options to monetize” Frontier. His comments on a conference call sent the shares surging 61 percent on Nov. 8. The stock was unchanged today at $3.96 per share.

Frontier’s 2012 seating capacity will fall as much as 12 percent from this year “and likely result in a similar reduction in staffing,” Kowalchuk said last week.



 

ADVERTISEMENT

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
  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

ADVERTISEMENT