Given the accounting change, Spirit Airlines now estimates it will recognize roughly $1.6 million of credits from grounded aircraft in the first quarter.
Spirit Airlines Executive Vice President and CCO Matt Klein expects to see more consolidation—despite the collapse of the ULCC’s merger with JetBlue Airways.
Network adjustments are ahead for JetBlue Airways, as it moves beyond a terminated Spirit Airlines merger and its shuttered alliance with American Airlines.
As many challenges begin the year, carriers anticipate high labor and maintenance costs, delivery delays and air traffic control shortages in the rest of 2024.