Deals
Frontier Stalls IPO in the Face of Airfare Brawl With United
- Delay comes as discounter maps expansion of routes, cities
- United Airlines vows to win any competitive battle in Denver
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Frontier Airlines pushed back its initial public offering, people familiar with the matter said, as competitive tensions flared between the no-frills carrier and United Airlines.
The share sale could slip until September or later, said the people, who asked not to be identified because the matter is private. Frontier Group Holdings Inc., which is backed by private equity firm Indigo Partners, had been planning to hold the IPO as soon as the second quarter, people familiar with the matter said in March.