Plans include $2.5 billion in aircraft deferments, new revenue initiatives, network refinements, and cuts across its cost base including real estate and staff.
Despite Spirit's reliance on leased aircraft, lessor specific exposure to the financially distressed airline is not large enough to raise any red flags.
A weak or failed Spirit is just as much a threat to price-conscious consumers’ ability to fly and enjoy low fares as a merger with JetBlue Airways would be.
After announcing intent to appeal an antitrust ruling blocking their merger, JetBlue has informed Spirit that the merger may be terminable on and after Jan. 28.
The average emissions of Alaska Airlines, Frontier Airlines, JetBlue Airways, and Spirit Airlines are notably lower than the average emissions of the Big Four.
The Judge, noting the industry's post-pandemic dynamic, said he was “having trouble” with a permanent injunction and was “hesitant” to implement the measure.
Readers write about South Korea’s KF-21, NASA'S Psyche, China's Y-20, a quadriplegic pilot, JetBlue-Spirit merger and more. Plus: Behind the Scenes at Dubai.
Weaker demand recently referenced by some U.S. and European LCCs is a return to more seasonal patterns as post-pandemic trends stabilize, Air Lease execs say .
Third-quarter results for U.S. airlines were mixed, as low-cost carriers struggled to turn a profit amid demand shifts and all-too-familiar constraints.
