SkyEurope’s problems continue, Southwest down on lost-Frontier opportunity
Selected LCCs daily share price movements (% change): 14-Aug-09
In the US, Southwest Airlines' shares lost as much as 4.5% on Friday, to be down by 1.7% at the end of trading, after the LCC lost its bid to acquire Frontier Holdings. The market had generally expected Southwest to beat smaller rival, Republic Airways, in the auction for the Denver-based LCC. Since Southwest announced its intention to acquire Frontier, its stock had gained approximately 15%.