Here's Why Shares in Frontier Group Flew Lower This Week

The budget airline is operating in a challenging environment.Shares in Frontier Airlines' parent company, Frontier Group (ULCC 1.77%), declined by almost 13% in the week to Thursday afternoon. The slump in the share price came in a week when the company issued an SEC filing announcing the abrupt departure of its CEO, Barry Biffle, to be replaced by the company's President James Dempsey, who will act as interim CEO. What it means to investorsIt's hard to decipher what these move means, not least because, alt ...