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David Neelman (CEO)
Says the airline, based at New York's airport, posted a double-digit profit margin in august and should be profitable this year. It just raised another $30 million form its investors on top of the $130 million it started with. Six year-old Frontier Airlines Inc. in Denver seems to be on course. It is benefiting in part from operational and labor woes at UAL's United Airlines. Second quarter net income doubled, to more than $16 million, as the airline attracted Spirit Airlines has proven to be a survivor, after shifting its strategy to avoid markets dominated by on major carrier...
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