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John Ostrower

๐Ÿ‘ค Speaker
186 total appearances

Appearances Over Time

Podcast Appearances

Today, Explained
RIP Spirit Airlines

Donald Trump is an aviation lover.

Today, Explained
RIP Spirit Airlines

He's America's first avgeek president.

Today, Explained
RIP Spirit Airlines

And he loves things that fly, whether it's Air Force One.

Today, Explained
RIP Spirit Airlines

He's always had a keen interest in aviation.

Today, Explained
RIP Spirit Airlines

In fact, he was the owner of an airline in the late 80s and 90s, which went bankrupt.

Today, Explained
RIP Spirit Airlines

And so it's something that's always been near and dear to his heart.

Today, Explained
RIP Spirit Airlines

So I think that, you know, whether it's support for Boeing or other different strategies, you just see it play out in terms of his intense interest in this.

Today, Explained
RIP Spirit Airlines

I think there's also a dynamic ways of reporting that we've done.

Today, Explained
RIP Spirit Airlines

Florida airline, Florida president.

Today, Explained
RIP Spirit Airlines

And I think that these go hand in hand with the discussion.

Today, Explained
RIP Spirit Airlines

You know, heading into the midterm elections, there's also the affordability question, which is very much in the forefront of voters' minds around, you know, what will make life in America more affordable.

Today, Explained
RIP Spirit Airlines

And low-cost carriers are an important part of that because they do hold down prices.

Today, Explained
RIP Spirit Airlines

the affordability and fares profitable or not for the rest of the industry so spirit right now is under two percent of u.s airline capacity it's not a big piece like like this is not a large carrier by any stretch of the imagination but however in the markets that they operate um the

Today, Explained
RIP Spirit Airlines

Their ability to offer low fares forces competitors to move their fares lower so they can grab customers.

Today, Explained
RIP Spirit Airlines

And naturally, the fares will rise along with the declining supply.

Today, Explained
RIP Spirit Airlines

This is it's a very predictable market in that regard.

Today, Explained
RIP Spirit Airlines

It's very, very sensitive to the amount of capacity that exists.

Today, Explained
RIP Spirit Airlines

In America, for the time being, yes.