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Here’s why all flyers should be worried if Spirit Airlines goes away
Spirit Airlines reported a $256.7 million net loss since March and faces doubts about its survival, raising concerns about rising fares and less competition in U.S. domestic air travel.
- In a filing last week, Spirit Airlines said it had `substantial doubt` it could stay in business for more than a year after emerging from bankruptcy earlier this year.
- Earlier this year, Spirit Airlines said it emerged from bankruptcy with a net loss of $256.7 million, continuing its financial struggles.
- In assessing Spirit Airlines’s market role, analysis shows rivals lower fares, and potential withdrawal could lead to fare increases, experts say.
- On the consumer front, Scott Keyes said fares will rise if Spirit Airlines disappears, and Zach Griff warned other airlines might cut basic economy seats.
- In the regulatory sphere, the Trump administration might be less eager than the Biden administration to block any deal with United Airlines, Delta Air Lines, or American Airlines, as with the blocked JetBlue proposal.
38 Articles
38 Articles
By Chris Isidore, CNN Spirit Airlines could run out of time to continue operating, which would be bad news not only for its employees and customers, but also for everyone looking for cheap flights. For decades, the low-cost carrier has helped drive down domestic flight prices in the United States. Spirit stated in a report last week that there was “substantial doubt” it could remain in operation for more than a year due to continued losses and d…
By Chris Isidore, CNN Spirit Airlines could run out of time to continue operating, which would be bad news not only for its employees and customers, but also for everyone looking for cheap flights. For decades, the low-cost carrier has helped drive down domestic flight prices in the United States. Spirit stated in a report last week that there was “substantial doubt” it could remain in operation for more than a year due to continued losses and d…
Here’s why all flyers should be worried if Spirit Airlines goes away
Time could be running out for Spirit Airlines to continue operating, which would be bad news not only for its employees and customers but for all people seeking low-priced flights. For decades, the discount carrier has helped push prices down for domestic flights.
Who Will Buy Spirit Airlines' Aircraft If It Goes Under? - Live and Let's Fly
Spirit Airlines has emerged from bankruptcy only to again warn it may not survive a year, which carriers will buy Spirit Airlines fleet if it goes under? Bankruptcy Warning This week, Spirit Airlines management issued a concern to the market and shareholders that it could have trouble surviving to the end of 2026. CEO, Dave Davis indicated that he was legally required to share his concern in the manner in which he did, though he expressed confi…
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