Did Spirit Airlines just dodge a bullet?
Early last month, flight cancellations surged at Spirit as a long-running dispute between management and pilots boiled over. Tens of thousands of travelers' plans were disrupted. Near the end of the saga, there was even a brawl at the Spirit check-in counter in Fort Lauderdale. Up until last week, it wasn't clear whether this setback would damage Spirit's chances of returning to unit revenue growth soon. In an investor update, Spirit acknowledged that demand fell off during the peak of the crisis. However, booking levels are already returning to normal. Spirit still expects to record a solid 4%-5% increase in RASM this quarter. That's down by just 0.5 percentage points since late April. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-14/unaligned/did-spirit-airlines-just-dodge-a-bullet
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Did Spirit Airlines just dodge a bullet?
Early last month, flight cancellations surged at Spirit as a long-running dispute between management and pilots boiled over. Tens of thousands of travelers' plans were disrupted. Near the end of the saga, there was even a brawl at the Spirit check-in counter in Fort Lauderdale. Up until last week, it wasn't clear whether this setback would damage Spirit's chances of returning to unit revenue growth soon. In an investor update, Spirit acknowledged that demand fell off during the peak of the crisis. However, booking levels are already returning to normal. Spirit still expects to record a solid 4%-5% increase in RASM this quarter. That's down by just 0.5 percentage points since late April. <br/>
