To The Moon

After 34 years of service, one of America’s most recognizable low-cost carriers Spirit Airlines has officially shut down its operations permanently  All flights have been canceled, and customer service systems have gone offline 17,000 jobs lost. Fuel costs are up. Unemployment is up. And businesses can’t afford to stay affordable. Other ULCCs like Frontier Airlines are under similar pressure from sky-high jet fuel costs (doubled amid Iran-related oil disruptions), debt loads, and thin margins. Allegiant and some European/Indian carriers (e.g., SpiceJet) have also flagged risks of cuts or worse.  Majors like Delta/United are raising fares, slashing unprofitable routes, and hiking fees to weather it instead of folding. Broader industry consolidation likely ahead. The above is taken

After 34 years of service, one of America’s most recognizable low-cost carriers Spirit Airlines has officially shut down its operations permanently  All flights have been canceled, and customer service systems have gone offline 17,000 jobs lost. Fuel costs are up. Unemployment is up. And businesses can’t afford to stay affordable. Other ULCCs like Frontier Airlines are under similar pressure from sky-high jet fuel costs (doubled amid Iran-related oil disruptions), debt loads, and thin margins. Allegiant and some European/Indian carriers (e.g., SpiceJet) have also flagged risks of cuts or worse.  Majors like Delta/United are raising fares, slashing unprofitable routes, and hiking fees to weather it instead of folding. Broader industry consolidation likely ahead. The above is taken