Frontier Airlines to Be Delisted
The carrier filed Friday for bankruptcy court protection.
Frontier Airlines
, which filed Friday for bankruptcy court protection, says its stock will be delisted from the Nasdaq.
The Denver-based carrier doesn't intend to appeal the decision. Shares will trade on the Nasdaq through April 21. Once they are delisted, limited trading is expected to continue on the over-the-counter Bulletin Board or the Pink Sheets. The shares closed Tuesday at 78 cents, down 2 cents.
Generally, existing shares are canceled when a company emerges from bankruptcy.
