Republic’s Frontier Pilots Approve Cuts for Restructuring

Frontier Airlines pilots approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit.

Pilots voted 498-58 to delay pay increases and accept cuts in vacation, sick days and company 401(k) contributions in exchange for an unspecified equity stake in Frontier, Jeff Thomas, president of the Frontier Airline Pilots Association, said today in an e-mail.