Summary
Spirit Airlines experienced a 46% drop in passenger numbers in Las Vegas. The airline has filed for bankruptcy twice in less than a year and is making cuts to its fleet and staff. Spirit is exploring options to recover, including a possible sale or merger.
Key Facts
- Spirit Airlines saw a 46% decrease in flights at Harry Reid Airport in Las Vegas in September.
- The airline's total flights for the year fell by 34% compared to the same period last year.
- Spirit has filed for bankruptcy twice in the past year, first in November and again in August.
- The company plans to cut its fleet by nearly 100 planes to save money.
- The decrease in Spirit's flights is larger than other airlines; for example, Delta flights only decreased by 2.1%.
- Spirit is considering cutting flight routes and selling aircraft to improve its financial situation.
- A merger with JetBlue was previously blocked by courts over antitrust issues.
- Airline experts suggest Spirit's financial troubles could lead to higher prices for travelers if competitive pressure is reduced.
