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    Home»IPO»With recovery on radar, two U.S. budget airlines plot IPOs
    IPO

    With recovery on radar, two U.S. budget airlines plot IPOs

    March 9, 2021Updated:March 9, 20211 Min Read
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    U.S. low-cost airlines Frontier and Sun Country plan to raise cash through initial public offerings (IPOs) as they prepare for a rebound in pandemic-hit travel.

    Budget carriers are expected to bounce back quicker than larger rivals from the pandemic thanks to their lower-cost structures and focus on domestic leisure travel.

    Frontier Airlines, which withdrew listing plans in July, filed again on Monday, after Apollo Global Management-backed Sun Country Airlines launched an IPO to raise around $200 million, regulatory filings show.

    In its IPO filing, Denver, Colorado-based Frontier said that it was “well positioned to take advantage of the anticipated demand recovery as vaccine distribution continues.”

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    Source: Reuters

    By Tracy Rucinski

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