14-Jun-2011 2:50 PM
Republic Airways agreement to Frontier stake. Alaska Air announces stock repurchase programme
Analysis
Shares in Republic Airways Holdings jumped 11% on Monday, as the carrier announced that it could cut its ownership in Frontier Airlines from a majority to a minority share by the end of 2014, through a deal with the carrier's pilots. The carrier will make changes to its network, fleet allocation and operating costs to improve overall business results by USD100 million annually.
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