Originally Posted by
mudpie
Can someone explain to me how Spirit got here with the speculation of bankruptcy? 10 years ago it had pretty much the highest profit margin in the industry. The fares really were never that cheap compared to everyone else after fees, just like now.
The plane issues, I'd imagine lost revenue is covered 100% by manufacturer.
Attrition, always had it, but hiring was always able to keep up with attrition, like now.
I always thought the Jetblue merger was because JetBlue needed Spirit to grow in order to compete and not that Spirit needed JetBlue to survive.
Why is Spirit all of sudden in apparently bad shape? I don't get it, what has changed?
It seems like after this contract round everyone else have had. Spirit ought to have a massive cost advantage. What made Spirit all of a sudden not work?
Perhaps a little bit of everything?
Covid somehow seems to have reshuffled the deck. Where the little guys had real good balance sheets going into Covid, the big guys after being kept afloat came out stronger.
The legacies adding in pricing tiers (basic economy or whatever you want to call it) that mimicked Spirit pricing to better compete.
An economy that has been hurting the poorer people in the country via inflation.
Engine issues.