SMH
·general
·1 hour ago
A nickel and dime pioneer went broke. That’s not good news
Spirit Airlines shut down operations this month after filing for bankruptcy, unable to compete as traditional carriers adopted its nickel-and-dime pricing model. High fuel prices hastened the collapse, but the low-cost pioneer's strategy of charging extra for seats, baggage, and amenities had become industry standard.
Summary by Glance · SMH
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