April 11, 2008 - Frontier Airlines (Denver, CO) became 5th low-fare carrier (Aloha Airgroup, ATA, Maxjet Airways, Skybus) to file for Chapter 11 bankruptcy protection in growing shake-up of global aviation record oil prices, weakening economic growth, inability to raise fares (Frontier raised average fare 21 cents over prior period, to $102.97, in nine months ended Dec. 31) = cutting domestic capacity, grounding older aircraft.
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