CNBC Television
@CNBCtelevision·3.4M subscribers·157.5K videos
What Went Wrong With Spirit Airlines?
Posted
January 5, 2025
Views
473,497
Likes
4,755
Comments
645
Engagement
1.14%
January 5, 2025
473,497
4,755
645
1.14%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
10:55Now PlayingSpirit Airlines filed for bankruptcy protection in November 2024, the first major U.S. airline to do so since 2011. The iconic budget airline hasn’t had a profitable year since 2019 and it’s lost more than $2 billion since 2020. Faced with mounting losses and looming debt payments, Spirit has furloughed hundreds of pilots and offered salaried workers buyouts. It sold some of its Airbus fleet and cut routes. The airline has struggled with shifting demand, a spike in costs, and a Pratt and Whitney engine recall grounding dozens of its jets, weaker-than-expected sales and a failed acquisition with JetBlue Airways. How did the icon of U.S. budget air travel get here and what’s next for the low cost carrier?
Chapters:
Produced and Edited by: Erin Black
Animation: Jason Reginato
Supervising Producer: Jeniece Pettitt
Editorial Support: Leslie Josephs
» Subscribe to CNBC
» Subscribe to CNBC TV
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to earn more money at work? Take CNBC’s new online course How to Negotiate a Higher Salary. Expert instructors will teach you the skills you need to get a bigger paycheck, including how to prepare and build your confidence, what to do and say, and how to craft a counteroffer
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Instagram
Follow CNBC News on Facebook
Follow CNBC on Threads
Follow CNBC News on X
Follow CNBC on WhatsApp
#CNBC
What Went Wrong With Spirit Airlines?
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
