Frontier Airlines EarlyReturns (Pre-Alignment) - Frontier stock

I noticed that Frontier stock had a sharp decline (Friday afternoon or afterhour trading?), but seems to be coming back today. Any ideas about what precipitated this? Labor worries, because of the Republic/Midwest mess?

I don't understand why Frontier stock has any value.

Republic won Frontier in the auction and the sales has been approved by the bankruptcy court. The sale closes on October 1. Once the sale closes, Frontier shares will be worthless since I don't believe anything is left after satisfying creditors (the biggest one is Republic). Creditors get their money first in bankruptcy and shareholders get whats leftover, which is usually nothing.

I don't understand why Frontier stock has any value.

Republic won Frontier in the auction and the sales has been approved by the bankruptcy court. The sale closes on October 1. Once the sale closes, Frontier shares will be worthless since I don't believe anything is left after satisfying creditors (the biggest one is Republic). Creditors get their money first in bankruptcy and shareholders get whats leftover, which is usually nothing.

Based on that, I'd say sell it as fast as you can, if you can.

Keith

It's cancelled now :

http://media.frontierairlines.com/Frontier+Stock+Cancelled/