The Age
·general
·1 hour ago
A nickel and dime pioneer went broke. That’s not good news
Spirit Airlines ceased operations this month after filing for bankruptcy a second time, unable to compete as competitors adopted its pioneering nickel-and-dime fee model. High fuel prices accelerated the collapse, but the budget carrier's core business strategy became obsolete when major airlines offered similarly cheap base fares plus ancillary charges.
Summary by Glance · The Age
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