FlyerTalk Forums - View Single Post - When will Frontier Cease Operations?
View Single Post
Old Jun 1, 2008 | 3:24 pm
  #14  
TProphet
10 Countries Visited
20 Countries Visited
30 Countries Visited
20 Years on Site
 
Join Date: Apr 2005
Location: The Internet
Programs: Alaska Mileage Plan
Posts: 723
They just worked out a contract with First Data Resources (their credit card processor), who drove them into bankruptcy in the first place. Keep in mind, the only reason that Frontier declared bankruptcy was because of a unilateral change in the credit card holdback percentage by First Data Resources. The only option Frontier had to freeze the contract and force a negotiation was bankrupcy.

Frontier was not driven into bankruptcy by business fundamentals (although the business fundamentals are pretty grim for the entire industry right now). They were driven into bankruptcy by ONE supplier. I'd be fully confident booking them in the interim.
TProphet is offline