FlyerTalk Forums - View Single Post - Frontier Airlines Files for Chapter 11 Reorganization
Old Apr 11, 2008, 7:33 am
  #7  
pierre mclopez
 
Join Date: Nov 1999
Programs: UA, DL, AA, Sutherlands Lumber
Posts: 7,359
Friday, April 11, 2008 - 9:06 AM EDT
Frontier Airlines files for Ch. 11 protection
South Florida Business Journal

"....The airline said it made the decision to file for Chapter 11 bankruptcy after an unnamed credit card processor changed its fee schedule, specifically its hold back of customer receipts. That, the airline said, severely threatened its liquidity...."

http://southflorida.bizjournals.com/...html?ana=yfcpc
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