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The free market at work. Spirit has no one to blame but its own management.
Jet fuel was actually higher during the Biden administration. Poor management, lousy service, charges for everything short of using the restroom, and overloading the company with debt is what killed Spirit.
Uhhh, the cost of jet fuel has DOUBLED over the past two months and it does not look to be dropping anytime soon as we continue the “war” stalemate. I’m sure as they crunched the weak numbers those long-term projections looked even more dire. Wasn’t my kind of airline frankly, but Spirit helped drive down prices in many markets. Comical that somehow old Joe Biden was worked into this.
Warren, Buttigieg and Biden killed the merger because of “monopoly” concerns and ultimately killed Spirit now creating monopoly. Sad
Biden? Again? Still comical. A federal judge blocked a JetBlue/Spirit merger two-years ago based on anti-trust grounds. Trump recently said a possible merger of American and United, I assume on the same grounds, would have been a bad idea. Good for him, and consumers. Again, the fixation on Democrats is sad, and laughable. Me? I blame FDR, Kennedy, and Lincoln.
Yes, judges blocked the activity, not Buttigieg and Biden. Read the facts. Trump wanted to do more but judges prevailed.
I hate to see this airline shut down and the people lose their jobs but they haven’t shown a profit since 2019. I don’t know why they think a government bailout would have changed that.
Why not? Plenty other industries have benefitted from infusion of cash created out of thin air by the Fed. What makes air travel any different?
Because they haven’t shown a profit since 2019. What makes you think they’re going to show a profit now? Even with government infusion of cash.
This airline model has never proven viable precisely because it can’t withstand normal economic slowdowns (much less catastrophic shocks) and significant changes in oil prices and interest rates.
That said…the United/Continental and American/USAir mergers should not have been allowed. That’s what really killed airline competition in the US.
Good point about the free market. But one might ask why the so-called free market garners government protection in some cases but not others. Or, one can consider government regulation of serveral aspects of free marketing reflects socialism [no good or bad label intended].
The destinations served from Indy can be readily replaced by other carriers. IND airport is lovely but sadly has a mediocre offering of direct flights and few (one) international flights to Europe. IND is in the shadows of Nashville and Raleigh-Durham, but alas, those are growing exciting metropolitan areas whereas Indianapolis is disadvantaged by a regressive Statehouse policies driven by ignorance.
David B, similar to blaming Biden, this is also a laughable comment, correct?
Not every airport can be a major hub. Most aren’t and that includes IND. Derek, everything you don’t like at a particular moment in time, is not the fault of a regressive statehouse that is 40 years behind, and the rest of your tropes. But if you want to talk politics, it’s helpful to note the airport board is appointed and Hogsett plays a major role. The president is Barbara Glass a longtime Democrat. My favorite board member is Tamika Catchings, appointed by Hogsett because her qualifications included riding on several aircraft. You might want to reach out to those 3 to complain about their “regressive” leadership