Reported about 14 hours ago
US budget airlines like Spirit Airlines are facing significant challenges, leading to bankruptcy proceedings as they struggle to compete with larger carriers that focus on premium customers. While some discount airlines like Frontier and Allegiant remain financially stable, they still trail behind full-service airlines in recovering from the COVID-19 pandemic. As costs rise and competitive pressures increase, low-cost carriers are pivoting to offer more premium services in response to a growing demand for better travel experiences among affluent passengers. However, the U.S. market for budget airlines may never fully recover, unlike their counterparts in Europe and Asia.
Source: YAHOO