Frontier Airlines could soon be up for sale.
Its current owner, Republic Airways, says it’s hiring advisers to look at selling Frontier, or spinning it off to current Republic shareholders. In any case, it expects to separate Frontier from its other business.
Frontier has been losing money. Republic has been turning around the airline’s finances by getting rid of smaller planes and cutting unprofitable flights, especially in Milwaukee.
Bryan Bedford, the chairman and CEO of Republic Airways Holdings Inc., says Frontier should be profitable next year so the time has come to look for a way to split it from Republic. He says Republic will return to its roots feeding passengers to major airlines such as Delta and US Airways.
Republic bought Denver-based Frontier out of bankruptcy protection in 2009.