Prior to COVID, both Spirit and Frontier had ambitious growth plans with large orders of new Airbus A320neo family aircraft on the books. Spirit had agreed to purchase an additional 100 Airbus aircraft + options fo 50 more. Meanwhile, Indigo Partners had a book order of 430 A320neo aircraft with over 100 of those earmarked for Frontier Airlines here in the U.S. (to include XLRs).

Obviously the pandemic has completely upended the industry, but does anyone have any insights into what Spirit and Frontier are doing in regards to aircraft deliveries? Bill Franke at Indigo Partners reaffirmed their aircraft order back in June for all 430 aircraft, which, IMO, is gutsy given the current state of the industry and lack of recovery late summer. Are these orders being cancelled, deferred, or on schedule? Any insights into whether or not the ULCCs have been managing to capture more market share in the downturn, even if the yields are low to negative?