Rajesh Kumar SinghCHICAGO - Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier and Spirit are struggling to return to sustainable profitability.
They were tipped to be the big winners after the pandemic, but persistent operational constraints have exacerbated their cost pressures, making it imperative to find new high-margin revenue streams. "If people are really willing to pay that much for a premium, maybe there is an opportunity," Biffle told Reuters.
Operational constraints have upended that playbook. A shortage of air-traffic controllers has marred Frontier's operations. Sun Country is grappling with a shortfall of captains. Spirit has been forced to ground several planes due to RTX's engine problem. Weakening pricing power in their domestic market, as well as a jump in fuel prices, have only added to their troubles.
Holiday Holiday Latest News, Holiday Holiday Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »
Source: GlobalNational - 🏆 81. / 51 Read more »