Low-cost carrier Spirit Airlines, which had been struggling for years, announced it will cease operations.
Spirit had been seeking a $500 million federal bailout from the White House. But those talks failed to yield a deal, leading the airline no choice but to stop flying “effective immediately”.
Good. “Free market” yes? Now better company buy and work better
In theory, yes. But in reality, reduced competition means less need to compete. Worse service over the long run and higher prices.