Originally Posted by
mirak
The article indicates that it wasn't First Data's holdback that drove Frontier into bankruptcy - it was the increase in holdback. First Data almost certainly has the contractual right to increase holdback. The question is, why was the holdback increased?
Was this just a knee-jerk reaction to the high price of fuel and recent failing of several other airlines, or did First Data have some specific indication that Frontier was in trouble?
From everything reported in the Denver press, it was a knee jerk reaction.
If it was a specific indication, I'd like to know and note that F9 was putting out in the financial press that they had plenty of cash on hand for the next several months.