Frontier Airlines’ parent company, Frontier Group (NASDAQ: ULCC), saw shares decline by nearly 13% following the sudden departure of CEO Barry Biffle. The company announced President James Dempsey as interim CEO. Despite reaffirming Q4 guidance, Frontier reported a $77 million loss in Q3. The airline is facing challenges in a competitive market and rising costs. Frontier is trying to boost revenues with new offerings but faces obstacles. The Motley Fool Stock Advisor team did not include Frontier Group in their top 10 stock picks, citing potential for higher returns elsewhere.

Read more at Nasdaq: Here’s Why Shares in Frontier Group Flew Lower This Week