Gary Leff on Spirit's Cost Structure, Consumer Preferences, and Ultra-Low-Cost Carriers | MTS Live

Gary Leff joins MTS to discuss Spirit Airlines' bankruptcy and the ultra low cost carrier model, how basic economy fares helped legacy airlines compete more effectively, and opportunities in new aircraft technology including electric and short takeoff planes.--https://x.com/garyleff--MTS is a live news and interview show covering technology, business, politics, and culture as it happens.Follow MTS: X |⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/MTSlive⁠⁠⁠⁠⁠⁠YouTube |⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@mtsituation⁠⁠⁠⁠⁠⁠Spotify |⁠⁠⁠⁠⁠ ⁠https://open.spotify.com/show/4HUNNmV1pjV7CW6Lphm1rM⁠⁠⁠⁠⁠⁠ Apple |⁠⁠⁠⁠⁠ ⁠https://podcasts.apple.com/us/podcast/mts/id1891088763⁠⁠⁠⁠⁠⁠ Substack |⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://mtslive.substack.com/⁠⁠⁠⁠⁠⁠Interested in sponsoring the show? ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠--Brought to you by:Granola - The AI notepad. Try it once and never go back. https://granola.ai/mtsKong - The AI connectivity platform. Connect APIs, LLMs, agents, and systems with serious security and governance. https://konghq.comBlitzy - Autonomous software development for enterprise codebases. Ship 5x faster. https://blitzy.comMerge - OpenAI, Dropbox, and Ramp use Merge to get AI to production faster. https://merge.dev/mtsAdQuick - Make your brand a billboard. Out-of-home advertising as easy to scale as digital. https://adquick.comMacroscope - AI codebase understanding for engineering leaders. https://macroscope.com/mtsTimestamps:(00:00) Introduction(01:23) The Liquidation of Spirit Airlines and Failed Government Bailouts(03:41) Why Low Cost Carriers Lost Their Competitive Edge(05:58) Basic Economy Fares and How Major Airlines Outmaneuvered Spirit(08:07) Why the Airline Industry is a Brutally Hard Business(15:22) JSX and the Rise of Premium Private Terminal Experiences(20:33) Technology Bottlenecks and Paper Flight Strips in Air Traffic Control(24:33) Analyzing the Spike and Decline of Unruly Passenger Incidents(32:08) Reforming the FAA and Separating Service Provision from Regulation--Note: This podcast is not investment, legal, or tax advice, and is intended for informational and entertainment purposes only. Hosts and guests may hold positions in the companies and securities discussed; do your own research before acting on anything you hear