"U.S. Bankruptcy Court for the Southern District of New York approved the $475 million in debtor-in-possession financing, a lifeline that bankrupt companies can use to continue operating, along with $150 million from AerCap and the rejection of 27 airplane leases."
"Spirit has spent more than a year trying to offer travelers roomier seats and other fare packages beyond the cheap tickets and a la carte add-ons like seat selection and cabin baggage that it’s been known for for years."
One thing I don't understand - why not raise prices to a profitable level? Spirit is a household name at this point and undercutting on pricing may not be necessary anymore to get people to book flights?
market threads
"U.S. Bankruptcy Court for the Southern District of New York approved the $475 million in debtor-in-possession financing, a lifeline that bankrupt companies can use to continue operating, along with $150 million from AerCap and the rejection of 27 airplane leases."
"Spirit has spent more than a year trying to offer travelers roomier seats and other fare packages beyond the cheap tickets and a la carte add-ons like seat selection and cabin baggage that it’s been known for for years."
One thing I don't understand - why not raise prices to a profitable level? Spirit is a household name at this point and undercutting on pricing may not be necessary anymore to get people to book flights?