Frontier Airlines to Be Delisted

The carrier filed Friday for bankruptcy court protection.
Author:
Publish date:

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.