Spirit Airlines

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.

Today's podcast looks at the persistence of airline junk fees, Spirit Air’s attempt to move upmarket, and Venice’s move to stem the tourist hordes.

Spirit is the latest U.S. low-cost airline to make a premium pivot in a bid to boost profitability. Wall Street will be watching closely.

As Delta and United continue to rake in huge profits, both airlines think low-cost carriers have limited recourse.