Why Spirit Airlines’s Stock Is Spiraling Down 60% | WSJ What Went Wrong

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  • čas přidán 11. 06. 2024
  • Budget airline Spirit was soaring earlier this year as Frontier and JetBlue engaged in a bidding war to buy out the smaller airline. But now, Spirit is struggling to stay aloft - and a judge has blocked its merger with JetBlue citing antitrust issues.
    WSJ’s Alison Sider explains how the ultra low cost carrier went from the most profitable, fastest-growing U.S. airline to a company whose future is up in the air after announcing narrower losses for last quarter. .
    Chapters:
    0:00 Spirit’s situation
    0:38 Overview of Spirit
    2:13 The turning point
    3:38 The downfall
    6:04 What’s next?
    What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.
    #Spirit #Travel #WSJ

Komentáře • 592

  • @gerardoarenasss
    @gerardoarenasss Před 4 měsíci +802

    Funny how the DOJ by trying to prevent Spirit from going out of business made it go out of business 😂

    • @gumnaamaadmi007
      @gumnaamaadmi007 Před 4 měsíci

      When the cure is actually poison in disguise. Sad.

    • @DroneStrike1776
      @DroneStrike1776 Před 4 měsíci +19

      I don't feel bad for this woke DEI airline. They rather higher diversity pilots and not the best pilots for the job. Same goes for their maintenance crew.

    • @gerardoarenasss
      @gerardoarenasss Před 4 měsíci +144

      @@DroneStrike1776 that makes absolutely no sense

    • @luvanujj
      @luvanujj Před 4 měsíci +97

      @@DroneStrike1776Learn how to spell “hire”, and then come back and continue your whining.

    • @AskMiko
      @AskMiko Před 4 měsíci +65

      @@DroneStrike1776literally has the least number of BIPOC pilots in their company. You just wanted a way to call out 50-year-old DEI agendas in any post to highlight how you don’t want the buddy system and boys club hiring practices replaced with making leaders understand everyone should have a far shot

  • @zyxwvutsrqponmlkh
    @zyxwvutsrqponmlkh Před 4 měsíci +478

    Nice job DOJ, just ignore huge monopolies like Amazon while slapping down mergers between two tiny airlines. I swear this is malicious and had nothing to do with protecting consumers.

    • @erb6411
      @erb6411 Před 3 měsíci +14

      Please DOJ please ignore Microsoft Activision Blizzard Zenimax

    • @J-wm4ss
      @J-wm4ss Před 3 měsíci +3

      spirit being tiny? lol

    • @VegetaThoughts
      @VegetaThoughts Před 3 měsíci +4

      @@J-wm4ssA company worth billions is "tiny" lol

    • @zyxwvutsrqponmlkh
      @zyxwvutsrqponmlkh Před 3 měsíci +1

      @@J-wm4ss Market cap is like nothing.

    • @anthonyjaurrieta
      @anthonyjaurrieta Před 3 měsíci +3

      Should we short Spirit? Believe in it's future?

  • @RickWatson-xu6gw
    @RickWatson-xu6gw Před 2 měsíci +610

    I'm under pressure to grow my reserve that currently holds about $200k. I'm down by 20% already following the spirit stock crash and I fear I could lose more.

    • @A_francis
      @A_francis Před 2 měsíci +3

      Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market. Certain Ai companies are rumoured to be overvalued and might cause a market correction, i think it’s best you reach out to a proper fiduciary for guidance

    • @benitabussell5053
      @benitabussell5053 Před 2 měsíci +3

      De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.

    • @RickWatson-xu6gw
      @RickWatson-xu6gw Před 2 měsíci +2

      That's truly remarkable. I hope you don't mind pointing me towards their direction.

    • @benitabussell5053
      @benitabussell5053 Před 2 měsíci +1

      She goes by ‘’Natalie Marie Gentry” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

    • @shamsulazhar
      @shamsulazhar Před měsícem +3

      I just love this way of marketing ‘’Natalie Marie Gentry” by creating this script. Very creative marketing

  • @posthocprior
    @posthocprior Před 4 měsíci +494

    If Spirit Airlines goes out of business, then the reasoning used to block the merger with JetBlue is flawed. Assuming that the reasoning is that prices will rise after the merger, and there are no other super cheap airlines, then blocking a merger would insure the current price of Spirit’s tickets. By blocking the merger, however, the reasoning of the DOJ didn’t take into account that Spirit’s business plan is, in the long-term, unsustainable and it can only exist as an entity of a larger airline.

    • @quietus13
      @quietus13 Před 4 měsíci +25

      Exactly. A frontier/spirit merger might be the best chance for a ULCC

    • @nazor1
      @nazor1 Před 4 měsíci +31

      Yea that got me - like it’s stock tanked after the justice department blocked it, so now they are at risk of dissolving. Catch 22

    • @na195097
      @na195097 Před 4 měsíci +17

      Jet Blue just wants the planes. Buying Spirit is the fastest way to increase their fleet. The low fare model will be gone, but Spirit is a gamble to use for travel.

    • @jaysmith1408
      @jaysmith1408 Před 4 měsíci

      @@na195097the route structure could be advantageous for Jetblue as well, unserved fields, free slots, various routing options.

    • @ImionsaeXwb77
      @ImionsaeXwb77 Před 4 měsíci +24

      @@na195097 NO they want Spirit Gates/Slots at the aiport, example JB has 2 gates at Las Vegas, Spirit has about 8 or more gates, by taking over spirit they can fly more routes, JB can not expand if they don't have slots to fly into airport, If i fly from LA to Atlanta i'll have to fly from LA to NY to Atlanta, how stupid is that..? now if JB had those Spirit gates in Vegas they can use Vegas as a hub, etc.

  • @maximilian9295
    @maximilian9295 Před 4 měsíci +196

    From boston to orlando is 18.00. I flew Seattle to San Diego for 15.00. I absolutely do not care if I don't get peanuts and only get to take a personal item.

    • @Patrick-yh5yd
      @Patrick-yh5yd Před 3 měsíci +7

      Cheaper than Greyhound!

    • @maximilian9295
      @maximilian9295 Před 3 měsíci +8

      @Patrick-yh5yd for real. The uber to the airport costs more.

    • @eduardodiaz9354
      @eduardodiaz9354 Před 3 měsíci +7

      How?? All flights I check are in the 200-300 range

    • @davidparra7635
      @davidparra7635 Před 3 měsíci +1

      How do you Find cheap deals like that

    • @Patrick-yh5yd
      @Patrick-yh5yd Před 3 měsíci +10

      @@davidparra7635 They did not say when they flew. Most likely 1965.

  • @oliviao2238
    @oliviao2238 Před 4 měsíci +226

    Why do people think they must be constantly fed for a two-hour flight? Come on. Seven-hour flight, a different story

    • @Kaseyyy_YT
      @Kaseyyy_YT Před 4 měsíci +53

      Even on a seven hour flight, if you eat before hand and bring water you'll be okay. It's like going a day at work without eating. I mean TBH we eat too much any way LOL. 7 Hours won't kill anyone. Unless they're diabetic perhaps :$

    • @wololo10
      @wololo10 Před 4 měsíci +15

      A meal is always nice and makes time go by faster

    • @daveb2280
      @daveb2280 Před 4 měsíci +4

      There's enough options in the terminal for purchase to bring your meal on the flight.

    • @johnslugger
      @johnslugger Před 4 měsíci +5

      *True. I always bring my own snacks anyhow.*

    • @wololo10
      @wololo10 Před 4 měsíci +3

      food doesnt drop tickets prices, also doesn't bankrupt companies

  • @TinLeadHammer
    @TinLeadHammer Před 4 měsíci +105

    "Why would one still choose Spirit?" - because they don't have Boeing 737 of any generation including the MAX in their fleet. This is why I choose them. I arrive early to the airport with nothing but a backpack, have a meal, buy a large bottle of water, and off I go.

    • @Blank00
      @Blank00 Před 4 měsíci +5

      To be fair, 737s of other generations like the NG are safe

    • @TinLeadHammer
      @TinLeadHammer Před 4 měsíci +2

      @@Blank00 Watch "On a wing and a prayer".

    • @JonasBluntson
      @JonasBluntson Před 4 měsíci +5

      I buy lunch before I get to the airport an carry a backpack an drink can soda

    • @n9go
      @n9go Před 3 měsíci

      737’s are incredibly safe. You are paranoid.

    • @viccenzotaborda7856
      @viccenzotaborda7856 Před 2 měsíci

      !! Short squeeze coming soon…maybe.

  • @kasession
    @kasession Před 4 měsíci +26

    I used to fly to Atlanta a few times a year from New York, for the weekend. At the time, I discovered Spirit flew out of Atlantic City. I once got a round trip ticket for $78. I packed what I needed in a back pack, so I didn't have to pay for luggage. At the time, it did the trick.

    • @lakeconroehouse
      @lakeconroehouse Před 3 měsíci +2

      The combination of ATL and Spirit sounds like a nightmare.

  • @drmode
    @drmode Před 4 měsíci +156

    Try Frontier, Spirit is actually nice. However, if you need a last minute flight, and don’t pay for anything, and just have a backpack, it is worth it.

    • @EC-cm8sf
      @EC-cm8sf Před 4 měsíci +10

      No its not, they don’t have customer service call center, no one to talk to if things go wrong. Literally no one.

    • @maximilian9295
      @maximilian9295 Před 4 měsíci +9

      Agreed, actually love spirit for any flight under 4hrs. If you know what you're doing and what to expect, they're great.

    • @___beyondhorizon4664
      @___beyondhorizon4664 Před 4 měsíci +10

      Spirit airlines is like signing up for torture, I tried it for the first and last time to DC cherry blossom festival. I was charged $100 for my Carry on twice for each segment, which ends up costing more than my return ticket. The agents seemed to enjoy watching passengers being blackmail. How could anyone take pride working there

    • @maximilian9295
      @maximilian9295 Před 4 měsíci +18

      @___beyondhorizon4664 it seems like you might not have done your research beforehand. The rules are on their website, you can't blame them.

    • @jonnym4670
      @jonnym4670 Před 4 měsíci +2

      Frontier canceled my flight 2 hours before hand and didn't have another flight for 5 days i ended up driving to disneyworld

  • @patmat.
    @patmat. Před 4 měsíci +9

    5:14 PRATT & WHITNEY engine. AIRBUS doesn't make engines.

  • @tabbycat8511
    @tabbycat8511 Před 4 měsíci +28

    “We are not going to get anywhere if you win, the merger isn’t approved, and Spirit goes belly-up,” the judge said to a Justice Department lawyer during closing arguments in December.
    Weeks later he blocked the merger, possibly bringing about the very situation he had described as getting us nowhere.
    Brilliant.

  • @GodofGHz
    @GodofGHz Před 4 měsíci +152

    I had purchased two tickets to Orlando for me and my wife right after our wedding. Not a honeymoon, but more a spur-of-the-moment, "let's go to Disney!" They tickets were somewhat cheaper (when adding price of carry-ons) and we weren't on a tight schedule. I figured it's ok if the plane is delayed a little, so long as we get there.
    1 week before, they moved our flight from 12pm noon to 9pm at night so we missed an entire day of our vacation, they also changed our flight from direct to a 2hr layover. So instead of 12pm-3pm landing in orlando, now we were doing 9pm-3am. And for what? To save $80 across 2 tickets?
    I bought Delta tickets on the spot. Spirit lost a customer for life before I even got on the plane, and god knows what other BS they would pull. THIS is why Spirit is failing. Their ruthless cost cutting cuts (heh) into their ability to reliably travel at all. Their offers are extremely poor value for money and make the flying experience more stressful and way worse than it has to be.

    • @kevinvaz4320
      @kevinvaz4320 Před 4 měsíci +15

      This issue is not limited to Spirit. I had a Southwest flight to SFO and onward an International flight. Southwest kept delaying my flight and my original buffer of 5 hours kept cutting short. Eventually, Southwest cancelled my flight which meant I couldn't make my international flight. I lost money for that flight and had to book an on the spot one way international flight which was more than the return ticket.

    • @shawnreed7876
      @shawnreed7876 Před 4 měsíci +6

      I have flown with spirit 50 times and they have been an hour late twice. Rest of the flights I have taken with them have been fantastic.

    • @ytcensorhack1876
      @ytcensorhack1876 Před 4 měsíci +5

      Spirit airlines, the cargo hold is our first class

    • @___beyondhorizon4664
      @___beyondhorizon4664 Před 4 měsíci +6

      Spirit airlines is like signing up for torture, I tried it for the first and last time to DC cherry blossom festival. I was charged $100 for my Carry on twice for each segment, which ends up costing more than my return ticket. The agents seemed to enjoy watching passengers being blackmail. How could anyone take pride working there

    • @ytcensorhack1876
      @ytcensorhack1876 Před 4 měsíci

      @@___beyondhorizon4664 spirit airlines, we r like Abu Ghraib, @ 30,000 ft

  • @THEUSMCMOTA
    @THEUSMCMOTA Před 4 měsíci +26

    Flying with Spirit while in the military is the ultimate cheat code

  • @user-yc2oz8kc5k
    @user-yc2oz8kc5k Před 4 měsíci +65

    If Spirit goes bankrupt, then JetBlue can buy them outright.
    End of story.

    • @williamerazo3921
      @williamerazo3921 Před 4 měsíci +2

      Exactly or Frontier.

    • @khanhnguyen-tt3ff
      @khanhnguyen-tt3ff Před 3 měsíci +6

      If spirit goes bankrupt, then it has to go to liquidation.

    • @yankeesforlife24
      @yankeesforlife24 Před 3 měsíci +1

      Except that’s not how bankruptcy worksc

    • @Stockzwolf
      @Stockzwolf Před 3 měsíci +1

      why do you say that they would necessarily go to them? Couldn't other airlines buy them?

    • @lartorgames
      @lartorgames Před 3 měsíci

      The original goal of JetBlue was to expand to west coast and spirit had most of airport gates deal their fore all its made saved money for JetBlue.

  • @Lurker_of_the_shadows
    @Lurker_of_the_shadows Před 4 měsíci +52

    I hope they use this as an opportunity to repair their customer service, their app, and their services

    • @DroneStrike1776
      @DroneStrike1776 Před 4 měsíci +3

      Maybe get pilots based on performance and not diversity.

    • @bg1379
      @bg1379 Před 4 měsíci +5

      With what money?

    • @datekaname2246
      @datekaname2246 Před 4 měsíci

      The pilot dei conspiracy is tarded and so are you, flight school doesn't have dei, so whoevers getting hired by airlines is qualified.
      Instead you *need* to be worried about the older pilots that have health issues (both mental and physical) because *many* will hide them just so they don’t get fired.
      Also as another thing spirit is one of the *few* american airlines, that have never had a fatal crash. So clearly pilots and their air craft mantaince aren't the issue.​@@DroneStrike1776

    • @Lurker_of_the_shadows
      @Lurker_of_the_shadows Před 4 měsíci

      @@bg1379that’s what investors are for

    • @NarasimhaDiyasena
      @NarasimhaDiyasena Před 4 měsíci

      @@bg1379exactly

  • @NicksDynasty
    @NicksDynasty Před 4 měsíci +75

    I wish them luck.
    Folks need super cheap flying options

    • @GnomaPhobic
      @GnomaPhobic Před 4 měsíci +15

      And that judge's reasoning was self-defeating. The merger was the only way for Spirit to continue to exist, and by blocking the merger Spirit won't be able to serve lower-income passengers in the future if they go bankrupt.

    • @houchi69
      @houchi69 Před 4 měsíci +6

      ​@GnomaPhobic Frontier, JetBlue are still cheap. Southwest is still cheap as well.

    • @TinLeadHammer
      @TinLeadHammer Před 4 měsíci +1

      Folks need to stay home to help reducing emissions.

    • @NicksDynasty
      @NicksDynasty Před 4 měsíci +9

      @@TinLeadHammer we need high speed trains

    • @___beyondhorizon4664
      @___beyondhorizon4664 Před 4 měsíci +3

      Southwest is cheap if you book in advance, 2 free check baggage

  • @jeremypearson6852
    @jeremypearson6852 Před 4 měsíci +28

    Having worked for four now defunct airlines in the 70’s and 80’s, I have experienced the good and bad in the industry. People’s Express tried the low cost thing in the 80’s and it didn’t work. The DOJ should have let the Spirit deal go through, now they’ll probably go under.

    • @newagain9964
      @newagain9964 Před 3 měsíci

      Also. It’s hard to get the economics of low fares, especially flight, right. Spirit problem was non transparent fees and bad service.

  • @aidanderson53X
    @aidanderson53X Před 4 měsíci +37

    I dont get how the government can basically force a company to go bankrupt cuz they dont want to lose access to below market prices. At that point just implement a price celing.

    • @inspiraPaz
      @inspiraPaz Před 4 měsíci +1

      Price ceilings/price controls are just a faster way to bankrupt an industry.

    • @elli6220
      @elli6220 Před 4 měsíci

      Spirit doesn't sell tickets at below market price, lol.

    • @aidanderson53X
      @aidanderson53X Před 3 měsíci

      @@elli6220 base ticket costs for spirit are below market price. Average total flight cost for the end user probably isn't though.

    • @aidanderson53X
      @aidanderson53X Před 3 měsíci

      @@inspiraPaz you say that but rent is still obscenely high for no reason cuz of slumlords.

    • @inspiraPaz
      @inspiraPaz Před 3 měsíci

      @@aidanderson53X - The main reason rents are super high is because when 45 had the eviction moratorium, landlords were still required to pay their lenders for the property even though their renters weren't paying the landlords. So now, if they didn't sell their properties to Blackrock or the banks to get out of that debt they are charging current tenets to make up what some people got for free but they had to pay for.

  • @jeenyus720
    @jeenyus720 Před 3 měsíci +4

    Ryan air does just fine with $12 international flights across Europe. Why is it such a problem in America?

  • @stevenschwartz7760
    @stevenschwartz7760 Před 4 měsíci +5

    No mention was made about what is actually wrong with the airline. This is because nothing is. The share price plummeted after the court blocked the JetBlue deal because the market had to re-orient itself to adapt to the fact that the JetBlue deal wasn't happening. Spirit will be fine, I'm more concerned about JetBlue.

  • @user-ie3tr4wj4j
    @user-ie3tr4wj4j Před 3 měsíci +4

    Each person has different experiences. I have flown Spirit 7 times across the country (Vegas several times, Seattle, Chicago, Detroit), and they work pretty well for me. Now the caveat is that I only fly them for 2-3 weekend trips and only need a backpack of clothes that I put under the seat at no charge. And I always have snacks with me already...not just on Spirit but any airline. So I have never paid for anything but the airfare. And of the 20 flight legs, only one was more than 35 minutes late. I guess I have been lucky.

  • @michaellilley2098
    @michaellilley2098 Před 4 měsíci +12

    Sale and Lease back never works, the business model is sound. Like Wizz Air the engine issues will be a big headache when trying to grow when capacity is tight and fares are above average across the industry

    • @frevazz3364
      @frevazz3364 Před 4 měsíci

      Short term gain for long term pain.

    • @KS0102
      @KS0102 Před 4 měsíci

      Wizz air? Is that an actual name of a company? 😂

  • @user-yf2iz8bo1y
    @user-yf2iz8bo1y Před 3 měsíci +2

    Sprint Cellular had similar issues.
    Spirit Airlines had similar issues.
    Both Black and Yellow colors.

  • @Sidicas
    @Sidicas Před 4 měsíci +6

    That would be a shame. The big front seats on a spirit flight are always a great deal.

    • @mawelsh
      @mawelsh Před 3 měsíci

      Upgraded my wife to their Barcalounger LAX-CMH for $20 couple years ago, such a deal

  • @pimaxuma
    @pimaxuma Před 4 měsíci +6

    The DOJ judge that blocked the merger with JetBlue didn't consider the poor financial status of Spirit to stay in business. This wasn't a secret, because it was a reason for the original merger proposal with Frontier Airlines. On the other hand, the JetBlue merger was a hostile takeover. Initially, Spirit's CEO and board members opposed the merger. The union for flight attendants also opposed the merger, fearing it'd cause job losses. But the story is not over. JetBlue is required to pay a $470 million breakup fee to Spirit, for the merger failure. The breakup fee was a clause in the merger agreement, which JetBlue is disputing. Spirit says it has enough funds to continue alone in 2024. But not sure about debt payments in 2025 and 2026.

    • @jwil4286
      @jwil4286 Před 3 měsíci

      JetBlue is still appealing. If an appellate court or SCOTUS overrules the decision (or if the process goes into 2025 and Trump wins the election), then the merger can go thru.

  • @jeffcampbell2710
    @jeffcampbell2710 Před 3 měsíci +2

    United is the crazy one. Hiring pilots for reasons, besides Qualifications. The biggest Qualifications are "What do they look like?"

  • @maxgold5750
    @maxgold5750 Před 3 měsíci +2

    Living out of the Fort Lauderdale area, Spirit is the best! They do a lot for the community and they are cheap/easy to fly. In fact, I have had more problems on the other major airlines out of the FLL airport than spirit

  • @Fuff63
    @Fuff63 Před 4 měsíci +5

    I personally won’t fly any longer than maybe a 1-hour short trip on these bargain airlines. It’s not cuz of peanuts and sodas…it’s simply that it’s too painful to sit in their tiny seats. Also I have experienced too many delays. Cheers.

  • @sohamparikh3085
    @sohamparikh3085 Před 3 měsíci +1

    Never had a single Spirit flight depart the day it was intended to. In all occasions, I had to pay the premium to fly through a different carrier last minute. I’d never risk booking with Spirit again

  • @SAAN27
    @SAAN27 Před 3 měsíci +2

    I flew to Ft Myers for $41 RT on Spirit while it was over $300 RT ound trip on Delta and Southwest.
    Cant beat a Spirit batefare!!!
    The issue is folks want Spirit prices with Delta benefits and this is where the complaints arise.

  • @timothyknight2236
    @timothyknight2236 Před 23 dny

    Flown on Sprit only one time. Bought a roundtrip ticket and Sprit was so bad I actually flew home on a different airline to avoid flying with Sprit again. Cramped cabin, extra charge for everything, pay toilets etc. etc.

  • @diegoe321
    @diegoe321 Před 4 měsíci +30

    I bought a ticket from NY to Austin to be with my family last Christmas. I knew these tickets would be pricey so I bought months in advance. 1 week before the flight I get an email from Spirit saying that they've cancelled all direct flights to Austin and they put me on a flight with a 12 hour layover in Orlando, with the NY flight touching down at 1:30am.
    Of course at that point I could have asked for a refund but I had no other options- since it was only a week out the tickets for other airlines had skyrocketed.
    I hope Spirit realizes that there are limits to how badly they can treat customers. Avoid if you can.

    • @NoxStream
      @NoxStream Před 4 měsíci +5

      Ultra cheap prices only matter if the flight is reliable. You might not care about prices, but when time and getting you to the destination get compromised, that's not a frill.

    • @ytcensorhack1876
      @ytcensorhack1876 Před 4 měsíci

      Spirit airlines, if u didn't want 2vb treated as self loading cargo, u should hav flown delta

  • @lewisshock615
    @lewisshock615 Před 4 měsíci +8

    Honestly I had found air travel to have become actively unpleasant before COVID; now post-COVID when most airlines that canceled hundreds of flights from their regular schedule and have not replaced those flights, it has gotten worse. Delays, canceled flights, getting stranded in a connection city, etc. etc. has become the norm and I've experienced it on so-called "higher end" airlines like United and American as well as lower-cost like Southwest. I travel mainly for business so my company is usually paying for the flight but even without having to pay the cost of the ticket, air travel has become a misery. All the airlines keep shrinking the number of cubic inches of space for each seat to the point where now I find myself feeling cramped and I am a pretty small guy 5'6" with short legs. I truly pity folks with long legs as I don't know how they don't have blood clots by the time they land. All that to say that, since flying has become so unpleasant I am not going to do anything to make it even more unpleasant such as pick the absolute lowest cost airline when doing so is going to likely exacerbate all of the issues listed here.

    • @___beyondhorizon4664
      @___beyondhorizon4664 Před 4 měsíci

      I flew Turkish airlines from LAX to Cairo with layover in Istanbul on September 1st 2021, the trip was just like pre pandemic service.
      My flight from TJ to Mexico City was surprisingly pleasant. Free snacks, drinks, no Carry on bag fee, free movie and free one time used ear plugs. Si, free movie 😁 maybe September tickets are cheaper

    • @datekaname2246
      @datekaname2246 Před 4 měsíci

      Spirit and low budget airlines are only for when you need to get somewhere fast within 2 or so hours for the cheap. If you're gonna bring a luggage, then book another airline.

  • @andredavis1844
    @andredavis1844 Před 3 měsíci +2

    Nobody is surprised that cutting corners everywhere isn’t popular. They have bad customer service, bad planes, flight delays, unskilled workers, lazy workers etc. the entire company didn’t care and it shows. This is coming from someone who actually likes spirit bc of the low fares, but I know not to ask for a sip of water

  • @ayoitsyayo
    @ayoitsyayo Před 4 měsíci +1

    It was all those CZcams shorts showing them take off in a hilarious way 😭

  • @Fuck_Snowflakes
    @Fuck_Snowflakes Před 3 měsíci +2

    Cheaper flights, zero comforts, nickel and diming customers , what could go wrong?

  • @budm2528
    @budm2528 Před 3 měsíci

    It's really great to see all you federal judges and lawyers share your insight on corporate law and how the DOJ works. It is truly dizzying genius...

  • @gildisc9759
    @gildisc9759 Před 3 měsíci +1

    I often fly Spirit and highly recommend them for the frequent NYC- Fort Lauderdale/ Miami routes. I've very very rarely had any problems and I'm certain those who take the La Guardia/ Newark to Fort Lauderdale/ Miami routes would agree. Now that's the tri state to Florida flights but i don't know about the rest of the country with Spirit..

  • @infinitepower1449
    @infinitepower1449 Před 4 měsíci +2

    I did sf to la back in the day for like $15

  • @aahmed29
    @aahmed29 Před 4 měsíci +10

    SAVE Spirit

  • @KamiInValhalla
    @KamiInValhalla Před 4 měsíci +9

    JetBlue did that strategically to squash the Frontier deal. I'm pretty sure they knew the government would squash it.

    • @machupikachu1085
      @machupikachu1085 Před 4 měsíci +1

      You're probably on to something there.

    • @Stockzwolf
      @Stockzwolf Před 3 měsíci

      could you explain yourself better? I'm really trying to understand

  • @RDARMORTANKERVET-
    @RDARMORTANKERVET- Před 2 měsíci +1

    The Government will bail out Spirit. They can’t in one breath say you can’t merge because ticket prices will rise, and in the other breath let that company go out of business? I have flown Spirit many times and had no issues with them at all. I’m sure people working for the other airlines have a bunch of donations for our politicians.

  • @kurtKking
    @kurtKking Před měsícem +3

    Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

    • @donovantobs
      @donovantobs Před měsícem +2

      Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

  • @thebillygarcia
    @thebillygarcia Před 3 měsíci

    Those prices not worth the headache that inevitably comes with them.

  • @CaraMarie13
    @CaraMarie13 Před 4 měsíci +3

    I flew spirit once. I had a flat a** after i got up (lol) from the plastic seats but they got me there and they did it on time so it was all good with me. I do prefer to fly delta but if spirit offered me a better deal, I'll fly with them again.

    • @tilkanash
      @tilkanash Před 3 měsíci

      Agree with your comment on the plastic seats. Its a killer especically on the longer cross country flights.

  • @Guitarmon8
    @Guitarmon8 Před měsícem

    I flew spirit once and swore to never fly it again, even for free. The flight attendants were so unnecessarily rude.

  • @bombaybeach208
    @bombaybeach208 Před 3 měsíci

    They quote you one price, then charge you for everything else. Checked bag AND carry on. My $58 round trip to and from Vegas ended up being $250. And no, I can't travel with just a backpack. It's sort of deceptive how they advertise the price.

  • @cezarmcknight8873
    @cezarmcknight8873 Před 3 měsíci +1

    Don’t forget about the fights at the gate. You got one free with each flight!🤣

  • @blackspiderman1887
    @blackspiderman1887 Před 3 měsíci

    My experience with spitit has been pleasant so far. Just have to make sure your carry own has everything you need. It also helped me realize i dont really need to pack many things i thought was important. Theu try to make up low prices by making youbpay for checked luggage. Im not falling for that

  • @udarpavarota396
    @udarpavarota396 Před 4 měsíci +2

    I feel like some institutions are going after Spirit to short it. They focus too much on this airline. Other airlines have screwed up even more and nobody is going after them. But it's not buried yet. Spirit will keep fighting to stay afloat.

  • @todayisagoodday5027
    @todayisagoodday5027 Před 4 měsíci +1

    This deal was about access to coveted terminals expanding jet blues service area. Delta United and American probably had a few friends at the DOJ.

    • @somone1437
      @somone1437 Před 3 měsíci

      more than a few friends. Probably just became friends with the judge

  • @ld4974
    @ld4974 Před 3 měsíci

    I have never flown Spirit but I avoided it because of all the customer complaints.

  • @goesinevent
    @goesinevent Před 2 měsíci +1

    Spirit, Frontier and Allegiant, god bless them (you need it).

  • @ralphlauren879
    @ralphlauren879 Před 4 měsíci +1

    “Engine Troubles” shows brake fire smh

  • @AskMiko
    @AskMiko Před 4 měsíci

    There is a target consumer for Spirit. They just need to reduce the friction of unnecessary charges. I’ve never flown with them but see videos of people who do wanting consistency

  • @shashanktrivedi27
    @shashanktrivedi27 Před 4 měsíci +1

    I had travelled in Allegiant from Dulles to Jacksonville FL and back during my trip to USA last year. I paid $ 324 for round trip which is definitely not cheap but I was decided two three days before and it was Christmas week.

  • @jameskim1505
    @jameskim1505 Před 3 měsíci

    Great!!!

  • @dwilliams854
    @dwilliams854 Před 3 měsíci

    $4 per water now. 😊
    Also, basic economy tickets on the majors still don't compare to Spirit prices.

  • @shogrenstudios
    @shogrenstudios Před 4 měsíci +1

    Spirit airline's low quality seat designs are preferred for tall people like me, their non bulky design allows for more legroom

  • @CJ-fh5xq
    @CJ-fh5xq Před měsícem

    Did a round trip from Ric or Orl for $55. I don't care about meals and I only bring a backback. Always a good experience.

  • @Chris-qg2un
    @Chris-qg2un Před 3 měsíci

    Bought a RT from Tampa to Miami a couple weeks back for $67. You know what you get for under $100 and come with low expectations. I'm fine with a trimmed down amenities on short flights and prefer spirit for that.

    • @somone1437
      @somone1437 Před 3 měsíci

      some people just need to go from point a to point b. You dont see someone taking the subway saying"but... this train didnt give us enough seats!!!"

  • @alexbeker2880
    @alexbeker2880 Před 4 měsíci +1

    The problem is spirit isn’t cheap anymore. Paying 300$ on a 2.5 hour flight is not uncommon on spirit. And their flights to the Caribbean are expensive now

    • @nathanjw940
      @nathanjw940 Před 4 měsíci

      I just booked a $43 round trip ticket and have seen cheaper that I am looking to do

  • @ChintanCG
    @ChintanCG Před 4 měsíci +11

    Hope they survive so it maintains pressure on the other airlines

  • @Prodigious1One
    @Prodigious1One Před 4 měsíci +2

    I hope that Spirit survives. I would switch to Frontier if Spirit went out of business.

  • @statmonster
    @statmonster Před měsícem

    I think DOJ has been woefully absent at antitrust enforcement (and would like to see a lot more of it in tech and other oligopolies), but I fail to see how driving Spirit into bankruptcy will help competition or consumers.

  • @henryc1000
    @henryc1000 Před 4 měsíci +2

    Tickets always seem cheaper on Spirit and Frontier. But after adding up all of the peripheral costs I’d rather just pay for a higher priced ticket with the competition and have a better all around experience. I avoid flying on Spirit at all costs!

    • @nathanjw940
      @nathanjw940 Před 4 měsíci

      You can avoid them I regularly book $20 ✈️ that's a dinner out these days

  • @jnfe
    @jnfe Před 3 měsíci

    Basically, Spirit & Frontier is like the movie "Soul Plane."

  • @vectorfox4782
    @vectorfox4782 Před 3 měsíci

    Investors need to fire the board, the CEO, CFO, and COO.

  • @Charlemagne2602
    @Charlemagne2602 Před 3 měsíci +1

    I flew Spirit once, roundtrip Oakland to NYC. Never again. Delays on top of delays on top of delays lasting hours to the next day... If you need to get to your destination on time, avoid Spirit like the plague. I do like the airline's sense of humor though, I give em that.

  • @NoWondersWhy
    @NoWondersWhy Před 3 měsíci

    I love spirit , I only bring a book bag when I travel so it works great for me

  • @Ilham-wi1bk
    @Ilham-wi1bk Před 4 měsíci

    In my country, airlines give nothing more than just free 5 to 20kg luggage.

  • @momcruiser
    @momcruiser Před 3 měsíci

    I doubt they will go out of business

  • @alekxu
    @alekxu Před 4 měsíci

    Sale lease back is not exactly deleveraging…

  • @prasadrao2895
    @prasadrao2895 Před 2 měsíci

    The US based airlines are so badly run and so many hurdles for passengers that soon most customers will stop flying US based airlines.

  • @jasonporter2967
    @jasonporter2967 Před 3 měsíci +1

    if you've ever flown spirit, you know why they're failing

  • @chgsf03
    @chgsf03 Před 3 měsíci

    So when is spirit going to start focusing on customer service?! I heard it's a new "push" just curious when that's gonna start lol

  • @donaldpetersen2382
    @donaldpetersen2382 Před 4 měsíci

    The intro dude has great eyelashes

  • @Patrick-yh5yd
    @Patrick-yh5yd Před 3 měsíci +1

    Jetblue will be next. How can Jetblue buy Spirit when Jetblue is broke?

  • @comments.cuestionsandconcerns

    I looooove flying spirit. I have never had any issues on the dozens of flights I have taken with them. godspeed spirit airlines.

  • @CamiloSanchez1979
    @CamiloSanchez1979 Před 3 měsíci

    You got spirit kid, i'll give you that.

  • @jandivine1009
    @jandivine1009 Před 3 měsíci

    I flew Spirit once, and only once. It was $65.00 for a carry-on. By the time I paid for all of the "extras", like luggage, it was no cheaper than any other airline. I wanted to take a shower when I got off the plane.

  • @CHMichael
    @CHMichael Před 4 měsíci +2

    Competition is great . Shouldn't have switched leadership.

  • @blackspiderman1887
    @blackspiderman1887 Před 3 měsíci

    Spirit need to just forget about their shares and focus on juat making profits as a company. The low cost of tickets will still work because american airlines is outrageous with their prices

  • @Aarzak
    @Aarzak Před 3 měsíci

    I've only used Spirit once in my life and that was enough. Never again.

  • @heyyourebeautiful3867
    @heyyourebeautiful3867 Před 4 měsíci +1

    As much as I don't like Spirit, I fo understand that it's necessary in the industry. I wouldn't want to see it go.

  • @stimulus3177
    @stimulus3177 Před 3 měsíci

    How about we look at grocery store monopolies?

  • @jeffbergstrom
    @jeffbergstrom Před měsícem

    I have flown on Spirit. I know they are low fare, charge for everything. But their extra charges are so outrageously priced that I made it a point to not give them one cent more than the price for that lousy seat (and it really was an awful seat but, to be fair, that's their gig and I knew it). I get there is a premium to be paid for this or that but it's too much on Spirit.

  • @laalchimista23
    @laalchimista23 Před 4 měsíci

    I don't understand how it doesn't work here but works in Europe where there are so many low cost airlines

    • @shawn2108
      @shawn2108 Před 4 měsíci

      USA biiiig Europe small

    • @laalchimista23
      @laalchimista23 Před 4 měsíci

      @@shawn2108 that's not totally it though because costs vary wildly with similar distances. It's the monopolie.

    • @eddyvideostar
      @eddyvideostar Před 3 měsíci

      @@shawn2108 Dear Shawn 2108: You need an *ATLAS.*

  • @jtgh922
    @jtgh922 Před 2 měsíci

    Sad...they should have tried to stick with Frontier. Jetblue ran them into the ground before they even had a chance to take over!

  • @puregsr
    @puregsr Před 3 měsíci

    Basically, nobody ever flies Spirit again like me, just like budget car rentals. I don't get fooled twice.

    • @eddyvideostar
      @eddyvideostar Před 3 měsíci

      Dear Pure-gsr, *Spirit Airlines is the Walmart of the heavens.*

  • @user-xr1xs1zy2z
    @user-xr1xs1zy2z Před 4 měsíci

    Who would have thought the Greyhound of Airlines wouldn't work.

  • @kamalcampbell2254
    @kamalcampbell2254 Před 4 měsíci

    Best of all they have great inflight snAcks

  • @chaunceyliu9291
    @chaunceyliu9291 Před 3 měsíci

    It is really cheap and a wonderful choice if you don't have any unexpected problems with your trip to take Spirite Airlines. (Last time I changed my shcedule, and Spirite charged me $140 fees for a ticket that coast $200.)

  • @KeyBorg1
    @KeyBorg1 Před 3 měsíci

    I've been saying this for years. There is no sustainable market for this type of so-called discount airline, because when you throw in what they charge to do things like put a bag in the overhead bin, arrive at a major airport, or breathe air in the plane, it's not a bargain at all. This was always destined to fail. Southwest is the only airline who has the low-cost market figured out.

  • @itsjustpersonalizedviews
    @itsjustpersonalizedviews Před 4 měsíci

    sprit is like Twitter ( x) on ground

  • @hyun-shik7327
    @hyun-shik7327 Před 4 měsíci +3

    I flew on Spirit with my family once in the mid 2010s and we did not make that mistake again.

    • @Starwarman1
      @Starwarman1 Před 4 měsíci

      It’s pretty great when you consider it’s cheaper than a bus ticket

    • @steveburke7675
      @steveburke7675 Před 4 měsíci

      One and done for me too. Spirit held my plane in Seattle for 1.5 hours to allow 3 passengers to make the connecting flight...end result...an entire plane load (including me) missing their connecting flights.

  • @edwelndiobel1567
    @edwelndiobel1567 Před 4 měsíci

    tough buisness really, good on them for trying to keep prices down

  • @RedPilledDan
    @RedPilledDan Před 3 měsíci +1

    If Spirits goes out of business I can’t afford to travel anywhere lol

  • @LebronCCP
    @LebronCCP Před 3 měsíci

    Flying spirit airlines reminds me of shopping at Walmart

  • @YourMom-vl2sp
    @YourMom-vl2sp Před 4 měsíci +1

    1:59 the ceo is correct 🤣😂