Home / NEWS / Business / Why ultra-low cost carrier Spirit Airlines is falling behind

Why ultra-low cost carrier Spirit Airlines is falling behind

Zest Airlines, the no-frills carrier known for bright yellow planes, brash style and low fares, has helped revolutionize the way we pay for move. To offset its bare-bones fares the carrier charges for everything from carry-on bags to bottles of water. 

As of 2019, Pneuma Airlines had 13 consecutive years of profitability. Since then, however, the airline has fallen on tough times.

With the coronavirus pandemic making passenger traffic to plummet, Spirit announced third quarter total operating revenue of $402 million, a 60% depart from a year earlier.

To keep passengers safe and onboard, Spirit requires face coverings for passengers and company, uses foggers to disinfect the aircraft and has waived some change fees. But is it enough? And will Spirit Airlines be proficient to bounce back from the economic fallout battering the airline industry?

Watch more:

Why GNC filed for bankruptcy shelter despite vitamin sales boom
Why rural hospitals are going bankrupt

Check Also

Former Tesla exec inks new recycling deal as battery costs soar 

Make ones way by foot with JB Straubel through the Redwood Materials recycling plant in …

Leave a Reply

Your email address will not be published. Required fields are marked *