Low-cost carrier Spirit Airlines, which had been struggling for years, announced it will cease operations.

Spirit had been seeking a $500 million federal bailout from the White House. But those talks failed to yield a deal, leading the airline no choice but to stop flying "effective immediately".

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[–] 1 point 3 months ago

In theory, yes. But in reality, reduced competition means less need to compete. Worse service over the long run and higher prices.

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