Why the funds airline Spirit Airways is falling behind
Spirit Airlines, the low-cost airline known for bright yellow planes, sassy style and cheap fares, helped revolutionize the way we pay for travel. To balance the tariffs, the carrier charges everything from hand luggage to bottles of water.
As of 2019, Spirit Airlines has been profitable for 13 consecutive years. However, since then the airline has gotten into tough times.
With the coronavirus pandemic that crashed passenger traffic, Spirit announced total revenue of $ 402 million in the third quarter, a 60% year-over-year decrease.
To keep passengers safe and on board, Spirit requires face coverings for passengers and crew, disinfects the aircraft with fog machines, and waives some change fees. But is it enough? And will Spirit Airlines be able to recover from the economic fallout from the aviation industry?
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