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Stock impact report

US budget airlines are struggling. Will pursuing premium passengers solve their problems? [Yahoo! Finance Canada]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
DALLAS (AP) — Delta and United have become the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines , which filed for bankruptcy protection on Monday. Some travel-industry experts think Spirit's troubles indicate that travelers on a budget will be left with fewer choices and higher prices. Other discount airlines are on much better financial footing than Spirit, but they too are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic . Most industry experts think Frontier Airlines and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks , and that there is still plenty of competition to prevent prices from spiking. Spirit Airlines has lost more than $2.2 billion since the start of 2020. Frontier has not reported a full-year profit since 2019, although that slump Show less Read more
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