Photo credit: Frontier and Spirit planes in Phoenix Airline Weekly / Edward Russell
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
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