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The Spirit deal is a missed opportunity for creative destruction

The Economist LogoThe Economist2 mo ago

The Spirit deal is a missed opportunity for creative destruction - The Economist

Quick Summary:

To understand the significance of the drawn-out takeover battle for Spirit Airlines, a Florida-based ultra-low-cost carrier (ulcc), it helps to know something about one of the main protagonists.

Moreover, it will have less incentive to sell its lowest no-frills fares on routes formerly operated by Spirit.

A combination of Frontier and Spirit, especially with the hundreds of new Airbus jets both firms have on order, might have increased that share significantly, making it as disruptive as its European counterparts.


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Article Details

Category: EconomyFinance

Topics: Fares America’s Ulcc Carriers Frontier Jetblue Low-cost Spirit Airlines Industry No-frills

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-28, 12:08:26

News Timezone: GMT -5:00

News Source URL: economist.com

Language: English

Reading Time: 6 minutes read

Article Length: 1047 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 91257

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About The Economist

The Economist Logo

Main Topics: EconomyFinance

Official Website: economist.com

Update Frequency: 2 posts per week

Year Established: 1843

Headquarters: United States

News Last Updated: 17h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #36

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