I've spent years traversing the world trying out different airline economy cabins, from premium carriers like Delta Air Lines and All Nippon Airways to budget ones like Norse Atlantic Airways and Spirit Airlines.
03.06.2024 - 17:33 / skift.com / Spirit Airlines / Ted Christie / Scott Haralson / Spirit Ceo / Meghna Maharishi
Spirit’s chief financial officer is resigning from the carrier and taking up the CFO role at Hertz.
Scott Haralson will step down as Spirit’s CFO June 14, the company announced Monday. Brian McMenamy, a vice president and controller at Spirit, will serve as interim CFO.
Haralson’s departure comes as Spirit has been struggling to make a profit since the pandemic. A combination of factors ranging from a collapsed merger with JetBlue to issues with Pratt & Whitney engines have heavily impacted Spirit’s bottom line.
During a boom for premium and international travel, there has also been weak demand for Spirit’s no-frills product.
After a federal judge struck down the merger with JetBlue, some Wall Street analysts said the ultra-low-cost carrier would need to either find another buyer or potentially file for bankruptcy.
Spirit CEO Ted Christie has been highly critical of the industry as Spirit has faltered. During the company’s most recent earnings call, the CEO called the industry a “rigged game.”
Spirit also has around $1.1 billion in debt set to mature in 2025. To shore up its liquidity, the carrier has leased back some of its fleet, deferred the delivery of its Airbus jets, and furloughed hundreds of pilots.
The airline most recently dropped most change and cancellation fees, after its biggest competitor, Frontier Airlines, did the same. Spirit said the change was part of its new strategy to entice customers, but executives have so far not revealed much details on a new strategy.
I've spent years traversing the world trying out different airline economy cabins, from premium carriers like Delta Air Lines and All Nippon Airways to budget ones like Norse Atlantic Airways and Spirit Airlines.
American Airlines’ flight attendants’ union said Thursday that it did not reach a new contract with management. The union added that the National Mediation Board is debating whether to release both parties into a 30-day cooling off period, which could set the stage for a strike.
American Airlines is pausing pilot hiring as it reevaluates its growth plans for the year. The carrier said it would temporarily pause new pilot hiring in September, October and November.
Spirit Airlines, known for discounted prices with limited in-flight amenities, recently released dozens of U.S. flight deals for as low as $21. These deals can be particularly helpful for travelers looking to plan a last-minute summer getaway, and are flexible on the location or general dates. Travel + Leisure spotted some of the lowest one-way fares including:
JetBlue is making a big change to its baggage policy. From September, the airline will allow all passengers — even those on its most restrictive ‘Blue Basic’ fare — to bring a carry-on bag for no extra charge.
Regulators from the European Union are poised to approve the takeover bid by German national carrier Lufthansa of Italian airline ITA.
The U.S. celebrated fathers this past weekend, and Spirit Airlines is keeping the fun going with a Father’s Day sale that has one-way flights starting as low as $39.
The results for the most punctual domestic airlines from May 2024 are in, offering a glimpse of what travelers can expect heading into the peak summer season.
FAA chief Mike Whitaker told a Senate panel Thursday that the agency had been “too hands off” in its oversight of Boeing before the Alaska Airlines blowout incident.
The busy summer travel season is here, and airlines are working hard to keep their planes and people moving without much headache to the customer.
As the 2024 presidential election begins to heat up, United Airlines and American Airlines are increasing capacity to Milwaukee and Chicago, the two cities that will host the Republican and Democratic National Conventions, respectively.
Elliott Investment Management, an activist fund, has built a nearly $2 billion stake in Southwest Airlines, The Wall Street Journal reported — citing sources.