AerCap believes it is clear the industry continues to plan for a “lower for longer” supply environment reflected in increased lease rates and extensions.

Spirit Airlines has gained necessary approvals for its reorganization plan, enabling the Florida-based ULCC to exit Chapter 11 in the coming weeks.

Frontier Airlines CEO Barry Biffle believes the ULCC is well-positioned to seize opportunities in the recovery of non-premium seats in the U.S. market.