We’ve been here before. (part 1 & part 2) The US DoT datasets continue to be compromised by either deliberate misfilings or careless work efforts by some US airlines. Users of these datasets are familiar with the shenanigans in Form 41. But it seems the...
UPDATE – Spirit Airlines announced a $-270.7 million reported net loss for Q4 2022, which after excluding special items turns into a small $12.6 million profit. Full-year, the ultra-low-cost US airline wrote deep red numbers with a $-554.2 million reported net...
UPDATE Oct 20 – 95 Percent of Spirit Airlines stockholders present or represented has voted in favor of the proposed merger agreement with JetBlue. That’s the outcome of the special meeting on October 19, at which 67 percent of Spirit common stock was present or...
Robust demand for travel pushed revenues up for Spirit Airlines and helped it reduce losses in Q2. This despite serious operational issues early in the quarter, but these problems seem to have been adequately addressed and services are running reliably right now, the...
Was this really a “win”? After all, as an advisor to Frontier told us, “Either way, we win. We’re not going to chase JetBlue.” JetBlue beats off Frontier and wins Spirit. What are the implications? Airlines merge because of one key...
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