Spirit Airlines Shutdown: The End of Ultra-Low-Cost Carriers Everywhere?
14 Articles
14 Articles
The low-cost American airline Spirit Airlines put an end to more than 33 years of operations this Saturday, arguing that “the recent increase in oil prices and other pressures on business” had “significantly affected the company’s financial projections.”
Spirit Airlines broke operations definitively on Saturday, May 2, leaving thousands of passengers stranded and 17,000 workers unemployed.The airline, which for 34 years offered ultra-low rates to millions of travelers in the United States, Latin America and the Caribbean, could not overcome the combination of two consecutive bankruptcies, the rise of fuel by the war with Iran and the failure of a last-minute rescue with the Trump administration.…
USA – US low-cost airline Spirit Airlines put an end to more than 33 years of operations this Saturday, arguing that “the recent increase in oil prices and other pressures on business” had “significantly affected the company’s financial projections.” (Continue reading...) Source link
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