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Jacob Goldstein

๐Ÿ‘ค Speaker
239 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
Spirit Airlines and the future of cheap flights

So once you make that decision, other decisions become a lot easier.

Planet Money
Spirit Airlines and the future of cheap flights

So to keep our fares lower, we charge separately for check bags and for large carry-on bags and to purchase.

Planet Money
Spirit Airlines and the future of cheap flights

print your boarding pass with a human being and to eat or drink on board and to pick your specific seat assignment.

Planet Money
Spirit Airlines and the future of cheap flights

We fly our planes more hours per day.

Planet Money
Spirit Airlines and the future of cheap flights

We put more seats in every airplane.

Planet Money
Spirit Airlines and the future of cheap flights

I mean, it's very easy to decide to put more seats on the airplane when you want to have a low price.

Planet Money
Spirit Airlines and the future of cheap flights

When you buy a ticket on most airlines, here's what you're paying for.

Planet Money
Spirit Airlines and the future of cheap flights

There's an airline out there.

Planet Money
Spirit Airlines and the future of cheap flights

I'm sure you know their name, that spends a lot of money telling you that their bags are free.

Planet Money
Spirit Airlines and the future of cheap flights

But their average tickets are $50 to $60 higher than ours.

Planet Money
Spirit Airlines and the future of cheap flights

It's expensive to carry bags.

Planet Money
Spirit Airlines and the future of cheap flights

You hire people to load the bags.

Planet Money
Spirit Airlines and the future of cheap flights

You pay for bag belts in the airports and the rental space to do that.

Planet Money
Spirit Airlines and the future of cheap flights

Every once in a while you lose a bag or you break a bag, so you have to have insurance to cover that.

Planet Money
Spirit Airlines and the future of cheap flights

It is not free to carry bags, so you either charge the people who use it or you charge everybody whether they use it or don't.

Planet Money
Spirit Airlines and the future of cheap flights

And we think it's fair to charge customers for what they use and not charge them for what they don't use.

Planet Money
Spirit Airlines and the future of cheap flights

That's exactly right.

Planet Money
Spirit Airlines and the future of cheap flights

Spirit serving you as a valued customer is letting you fly to New York for $69 when everybody else is charging $150 or letting you get to Nicaragua for $99 when everybody else is charging $250.

Planet Money
Spirit Airlines and the future of cheap flights

That's Spirit serving you as a valued customer.

Planet Money
Spirit Airlines and the future of cheap flights

In addition, we'll let the 7-Eleven be available to you while you're in the airplane.