Frontier Airlines planes are at the gates of Concourse A from Denver International Airport to Denver.
David Zalubowski | AP
Frontier Airlines on Monday unveiled an IPO, a second attempt to make itself public that occurs as the industry positions itself by a rebound from the Covid-19 pandemic.
The airline is owned by private equity firm Indigo Partners, whose managing partner is a veteran of the airline and low-cost pioneer Bill Franke, president of Frontier Airlines.
Airlines are preparing for a rise in travel demand after last year US passenger levels fell by more than 60% to the lowest point since 1984.
Cheap airlines with similar models to Frontier have been among the most optimistic about the recovery. Rival Spirit Airlines, for example, is starting to resume hiring pilots and flight attendants this month. Domestic leisure travel, on which those airlines already focused before the pandemic, is declining faster than business and international travel.
Frontier had a $ 225 million loss in 2020 in $ 1.25 billion in revenue, compared to $ 251 million in net sales revenue of $ 2.5 billion the previous year, according to a regulatory record Monday.
The company withdrew plans for a IPO last summer after filing in 2017.
The Denver-based airline plans to list on the Nasdaq with the FRNT marker.