Republic Airways Holdings dives after terminating Frontier Airlines deal
Republic Airways Holdings Inc. (Nasdaq:RJET) are losing altitude after the regional airline operator announced that it terminated its agreement with Frontier Airlines Holdings, Inc. (Nasdaq:FRNTQ), which is in the midst of bankruptcy proceedings. Republic reported it will file a $260 million damage claim against Frontier in its bankruptcy case.
In Wednesday morning trading, RJET shares are diving 18.6%, or $3.34, at $14.62. For detailed price information and recent news stories about Republic Airways Holdings, click RJET.
