Articles tagged “spirit airlines”

Ever since JetBlue-Spirit was blocked, Frontier has declined to comment on whether it would ever consider merging again. But the deal makes a lot of sense.

Some Wall Street analysts had speculated that if Spirit wasn’t able to reach refinance or extend the deadline on a credit card processing agreement, then bankruptcy could have been on the table.

As ultra-low-cost carriers struggle to remain profitable, we'll hear from numerous executives at the Skift Aviation Forum on how the business can survive.

Just months ago, Spirit CEO Ted Christie said the budget carrier was not considering a chapter 11 bankruptcy.

The head of an industry trade group sounded the alarm for ultra-low-cost carriers as airlines like Spirit and Frontier face declining profits. However, other carriers in the industry have seen some success despite industry headwinds.

The furloughs were part of an attempt to cut costs as Spirit’s revenues have sharply declined over the past few years. However, the carrier still has more hurdles to overcome — including a staggering $1.1 billion in debt that’s set to mature in a year.

As ultra-low-cost carriers like Spirit and Frontier falter, Sun Country has been able to routinely stand out as one of the most profitable airlines in the U.S.

High unit costs, reduced operational efficiencies, and increased competition from network carriers have combined to create a significant challenge for ultra low-cost carriers in the U.S.

Today's podcast looks at Spirit's promise of change, Biden's new efforts for families booking flights, and Saudi Arabia's hefty World Cup bid.

With 'transformational' changes to its business model announced earlier this week, Spirit will be hoping that these numbers are the start of a long-term shift for the troubled airline.