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Frontier Communications Corp (NASDAQ:FTR) Decides To Reduce Services From Delaware

Boston, MA 08/28/2014 (wallstreetpr) – According to reports, Frontier Communications Corp (NASDAQ:FTR) has decided to reduce its services from the New Castle Airport near Wilmington, Delaware. Although local authorities were very disappointed with this step of FTR, but they were hopeful that things would come back on track very soon. One of the representatives of the airport authority said, “We are hopeful that commercial flight services of FTR will resume very soon.”

How it started:

Last month local authority of the airport announced that flight services to four out of seven destinations where FTR head would be discontinued till December. These destinations included- Denver, Chicago, Fort Myers, Fla. and Atlanta. When reporters tried to get in touch with the management of Frontier Communications Corp (NASDAQ:FTR), it confirmed that the services to all these four destinations will only be discontinued in the month of October.

Airport authority recently announced that FTR would increase its services in various locations throughout the winter season. These locations included Orlando where FTR was planning to start 3-4 new flights per week and Tampa from one to two flights in a week (one flight a day). While giving interview to press, Tryi Squyres, Vice President for Marketing Frontier Communications Corp (NASDAQ:FTR) said, “After looking at current demand, we have decided to suspend our services in Tampa from Oct. 25 to Dec. 15.” She also confirmed that there would be two flights per week throughout the winter season.

She said that the main objective of FTR was to serve people in the best possible time; hence FTR would increase its services whenever demand would go up. Frontier Communications Corp (NASDAQ:FTR)’s main agenda behind diverting flights in a few key locations over the next few months is to provide frequent flights to people at a discounted price. Meanwhile, the services in Orlando will increase to five days a week throughout the October and then four days a week throughout the November.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email ([email protected]) or his Google+ page (https://plus.google.com/103338576216002376250).

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