Spirit Airlines: The Low-Cost Model that Shaped an Industry

Spirit Airlines: The Low-Cost Model that Shaped an Industry

Spirit Airlines: The Low-Cost Model that Shaped an Industry.In the rapidly evolving world of aviation, the Low-Cost airline model has emerged as a gamechanger, providing millions of passengers’ affordable travel options while reshaping the entire airline industry. Spirit Airlines, founded in 1983, has positioned itself as a key player in this space. With its no-frills approach, Spirit caters to budget conscious travelers by offering ultralow base fares and charging for additional services.
Inviting temporary relief measures

Inviting temporary relief measures

The corporate sector, major bankers and brokers breathed a sigh of relief following the International Monetary Fund’s (IMF) approval of the $7 billion package. However, small businesses, traders and civil society were less enthusiastic, voicing concerns about rising debt, potential misallocations and the negative impact of IMF-guided policies on micro businesses, traders, women and youth.