The pandemic is far from over, but some airlines believe the travel business is already on an upswing. Frontier plans to raise $266 million by selling 15 million shares at $19 each on Nasdaq under the symbol ULCC, a nod to its strategy as an “ultra-low-cost carrier.” Another 15 million shares will be sold by Frontier’s existing stockholders. Unlike the largest airlines, budget carriers don’t rely on corporate or international travel, which are not expected to bounce back any time soon. “If you look, the vaccine is unlocking the demand, and you’re seeing it everywhere. You’re seeing it in restaurants, you’re seeing it in hotels.”

Source: International New York Times April 01, 2021 13:07 UTC