Frontier Airlines Airbus A320 takes off at Los Angeles International Airport in Los Angeles, California on August 27, 2020.
AaronP | Ball Griffin | GC Pictures | Getty Images
The company said late Wednesday that Frontier Airlines raised $570 million in its initial public offering, which is the latest route American Airlines has taken as the industry is beginning to see signs of recovery.
Based in Denver The low-cost airline sold 30 million shares at a price of $1
Frontier began trading on the Nasdaq Global Select Market on Thursday under the abbreviation ULCC of the ultra-low-cost airline.