Skift Take
Spirit CEO Ted Christie had some choice words for the current state of the airline industry as the ultra-low-cost carrier reported a greater first-quarter loss.
Spirit CEO Ted Christie criticized the current state of the airline industry, saying that profits have been “concentrated around two companies,” during a call with analysts on Monday.
“The smaller non-legacy carriers scrambled to restore profitability in what seems ever more like a rigged game,” Christie said on the call. “The Big 4 are the beneficiaries of this new normal, American consumers are the long-term losers.”
The “Big 4” carriers — American, Delta, United and Southwest — have reported record revenues since the pandemic. In particular, Delta,