What’s Happening at Spirit and Frontier?

Slower bookings and “heightened” discounting are hurting Frontier Airlines and Spirit Airlines this quarter. That means potentially deep losses for the ultra low-cost carriers. Edward Russell and Jay Shabat discuss what’s happening. Plus, the latest on the Pratt & Whitney geared turbofan engine situation.

Reading List

• Spirit Airlines Stuns with Forecast of Steep Third-Quarter Loss
• Delta and Southwest Say Demand Remains Strong While Budget Rivals’ Profits Get Hit
• Airbus A320neo Pratt Engine Issues to Ground 650 Planes Next Year