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Spirit Airlines wasn’t ‘destined to prosper’: Byron York

Sydney Topf· ·1 min read · 0 reactions · 0 comments · 3 views
#aviation#bankruptcy#economy#airlines#bailout#Spirit Airlines#Byron York#Trump administration#Fox & Friends#Washington Examiner
Spirit Airlines wasn’t ‘destined to prosper’: Byron York
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Spirit Airlines has ceased operations after failing to secure a $500 million bailout, marking the end of a struggling carrier that filed for Chapter 11 bankruptcy twice in recent years. Washington Examiner correspondent Byron York attributed the airline's failure to its inability to compete in the market and questioned the logic of government intervention. York argued that market forces, not taxpayer-funded bailouts, should determine the fate of uncompetitive companies.

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Washington Examiner · Sydney Topf
Read full at Washington Examiner →
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Washington Examiner chief political correspondent Byron York said that Spirit Airlines wasn’t “destined to prosper,” after the company announced it would shut down following years of struggles. “Here you just had the market working,” York said on Fox & Friends on Monday. “Spirit was in bankruptcy twice. It had an ever-diminishing share of passengers, and it was just not destined to prosper; that’s just all there is to it.” Recommended Stories Joe Concha blasts billionaire-backed May Day protests: ‘You could snort the irony’ Spirit in the sky: Spirit Airlines shuts down operations with all flights canceled Trump says ‘we gave them a final proposal’ as Spirit Airlines readies to shut down The announcement comes after the airlines failed to secure a $500 million bailout from the Trump…

Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.

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