Spirit Airlines CEO Calls the Airline Industry a 'Rigged Game'

Spirit Airlines CEO Ted Christie is definitely not bitter about how things went down with the JetBlue Airways merger that was halted by the Justice Department before eventually being abandoned. He told listeners on the company’s earnings call, which discussed numbers so dour they sent Spirit shares down nearly 10% in Monday trading, that he was speaking to them from the carrier’s new digs in Dania Beach, Florida.

“Today, nearly all the profits of the entire US airline industry are concentrated in just two companies, while the smaller non-legacy carriers scrambled to restore profitability and what seems ever more like a rigged game,” he said. “The Big Four are the beneficiaries in this new normal. American consumers are the long-term losers.” Though JetBlue and Spirit had initially signaled that they would fight the ruling on appeal, they eventually backed all the way off.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Airlines and moreThese are some of the stocks posting the largest moves in midday trading.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Spirit Airlines shows improvements, but still finishes last in travel industry customer satisfaction studyDiscount carriers Spirit and Frontier upped their games in terms of serving their customers, but remained on the bottom of an annual customer satisfaction survey for 2023-24.
แหล่ง: mercnews - 🏆 88. / 68 อ่านเพิ่มเติม »