As millions are set to travel for Thanksgiving this week, the senate subcommittee on investigations released a report that outlined how much revenue airlines have collected from seating and baggage fees.
As expected, Spirit Airlines—America’s seventh largest airline by revenues—filed for Chapter 11 bankruptcy last week. The move follows four-plus years of heavy losses, leading to unsustainably large debt obligations.
Ben Baldanza, who pioneered the modern ultra-low-cost business model in the U.S. and turned Spirit into one of the most profitable airlines, has died following a battle with ALS.
After the Justice Department said it would launch an inquiry into the state of airline competition, the airline and travel industries criticized the move as politically motivated.