Money | Frontier Airlines Frontier Airlines Latest Carrier to File for Bankruptcy Discount airline says it will continue flying as it reorganizes By Jim O'Neill Posted Apr 11, 2008 6:25 AM CDT Copied Frontier Airlines Holdings Inc. said Friday April 11, 2008 it has filed for Chapter 11 bankruptcy protection but plans to continue normal business operations throughout its reorganization. (AP Photo/David Zalubowski, FILE) Discount carrier Frontier Airlines today said it was filing for Chapter 11 but would keep flying thorough its reorganization, the Wall Street Journal reports. The carrier made the move after its credit-card processing company decided to withhold a larger share of ticket revenues from Frontier. Aloha and ATA also declared bankruptcy this month; both discontinued operations. Frontier reported a $18.7-million loss in 2007. Read These Next Meet the Oscar winner who says the award injured her career. Researchers jumped in car to investigate cow tools. Beneath the upcoming White House ballroom: a new, pricey bunker. All is not well in the Beckham family. Report an error