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Frontier debut fizzles in its second US airline IPO

Bloomberg Frontier Group Holdings Inc struggled to gain traction in its trading debut after selling shares at the bottom of a marketed range. The stock slipped less than 1% to close at $18.85 in New York after an initial public offering at $19 a share. By contrast, rival discounter Sun Country Airlines Holdings Inc opened with a pop after an ...

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Lufthansa pitches $6.5b proposal to raise capital

Bloomberg Deutsche Lufthansa AG will ask shareholders to approve a capital increase that would open a path towards removing the German government as its biggest shareholder. The proposed 5.5 billion euros ($6.5 billion) in fresh capital would give Europe’s largest airline enough cash to replace a so-called silent participation, a major part of Lufthansa’s 9 billion-euro bailout from the state. ...

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United Air to restart pilot hiring in sign of rebound

Bloomberg United Airlines Holdings Inc will resume pilot hiring as the carrier sees signs of a sales recovery amid expanding US vaccination campaigns. The carrier will begin with 300 pilots who received a conditional job offer last year or had a new-hire class that was canceled, Bryan Quigley, senior vice president of flight operations, told employees. The decision followed a ...

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