Frontier CEO jumps to luxury resorts
Aspen, CO Colorado
DENVER ” Frontier Airlines CEO Jeff Potter will become chief executive of Exclusive Resorts next month when he leaves the airline, the privately held luxury destination club announced Monday.
Potter will report to Donn Davis, who will move from the chief executive’s position to executive chairman.
Potter headed Denver-based Frontier for five years, overseeing its growth as the industry has struggled with high fuel costs, aggressive ticket price and government-imposed travel restrictions.
He is leaving the airline on Sept. 6.
America Online co-founder Steve Case is the majority shareholder of Exclusive Resorts, which grants its members access to more than 350 upscale residences in 40 destinations around the world, including the Timbers Club in Snowmass Village and Owl Creek residences near Snowmass, along with accommodations in Vail, Steamboat Springs and Telluride, according to its website.
Exclusive Resorts, also based in Denver, has at least 3,000 members and a real estate portfolio of more than $1 billion.
Alson on Monday, Frontier Airlines Holdings Inc. said it filled a record 88.5 percent of its aircraft in July as the summer’s heavy travel season got into full swing.
The low-cost carrier reported 1.06 million passengers in July, up 16.3 percent from July 2006. Its available seat-miles rose 14.1 percent and revenue passenger miles increased 18.5 percent in a year-over-year comparison.
The load factor of 88.5 percent ” a measure of how many seats on each aircraft are filled ” was up 3.3 percentage points from July 2006 and was the highest in the company’s history, Frontier said.
Frontier offers service from Denver International Airport to 30 states, Mexico and Canada. It has announced plans to expand into regional markets; officials in Aspen have been anticipating the resort will be among them when the routes are announced.
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