Originally Posted by
Bluedriver
Sounds like the country's largest ULCC isn't doing very well to me. Coming out of COVID, the higher service airlines have had the highest margins. Looks like they are trying to survive until their business model changes.
Your argument would be stronger except….”What Spirit Airlines is doing has precedent. Airlines in the United States, such as American Airlines, Delta Air Lines, and United Airlines, all used their loyalty programs as collateral for loans to persevere during the worst of the COVID-19 pandemic downturn.”