Spirit Airlines CEO, still salty after its failed JetBlue merger, calls the airline industry a ‘rigged game' and consumers ‘the long-term losers' [Yahoo! Finance]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Yahoo! Finance
says would have made it more competitive with industry leaders such as Delta and United—fell apart in March after running into a Department of Justice lawsuit . Months later, CEO Ted Christie III is still bitter. “Today, nearly all the profits of the entire U.S. airline industry are concentrated in just two companies, while the smaller non-legacy carriers scrambled to restore profitability in what seems ever more like a rigged game,” Christie said in an earnings call Monday. “The Big Four [Delta, United, Southwest, and American] are the beneficiaries in this new normal. American consumers are the long-term losers.” Spirit got its start in the early '80s, flying passengers on charter routes to and from casinos in Las Vegas and Atlantic City . Eventually, it rebranded as a commercial operator with a fleet of planes painted its signature yellow, and revenues climbed throughout the 2010s as customers flocked to its business model of offering rock-bottom prices with few frills and high
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LUV
Earnings
- 4/25/24 - Miss
LUV
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- LUV's page on the SEC website