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The ranking, released Tuesday, seeks to "identify those companiea that are best positioned to weather the current globapl recession and recent volatility in fuel AviationWeek said. It rates airline operators on business criteria -- liquidity, financial health, earnings performance, fuel-cost management and asset utilization -- and not on service or flyinvg operations. Denver-based Frontier is the second-largesgt carrier at after . Aviatioj Week rated its holding company, Frontier Airlinexs Holdings Inc. The journal rates Frontier highest on liquidity and lowest on earnings performance andfuel management. Calculations are basec on airline results forfiscal 2008.
Sincer 2008, Frontier has taken significant steps to cut costs andimprover efficiency, and . A bankruptcy judge Mondag . Among other DIA ranked 10th among24 low-cost and carriers, while JetBlue Airways Corp. was No. 16 and was No. 22. ranked No. 1 on the low-cost-carriers list. In a separatwe ranking of 32 major airlines, -- holding company of United Airlines, DIA's No. 1 carrie r -- ranked near the bottom, in 31st was No. 16, No. 22, and No. 30. was in first place on the majorairlines list. "Thse recession has grabbed hold of the airline industry, and survival is still the name of the Aviation Week & Space Technology Editor-in-Chief Anthonyh Velocci Jr.
said Tuesday in a statementg accompanyingthe ranking. "This year’s Top-Performing Companies review of airlines placex liquidity and financial health as the top indicators for weathering furtherf volatility in the economy and rising fuel he said. "We are seeinvg sharp drops in scores across the inall regions, but with the TPC we can identify those airlines that are doing thingd right." .
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