Jonathan Williams on Spirit Airlines’ Industry Role
ICLE Academic Affiliate Jonathan Williams was quoted in a Newsweek piece analyzing Spirit Airlines CEO Dave Davis’ comments on the company’s recent difficulties:
Jonathan Williams, a professor of economics at the University of North Carolina at Chapel Hill, told Newsweek: “[Spirit has] served an important role in the low-cost carrier space, offering a source of intense price competition for the network carriers that will be hard to replace. Smaller carriers like Breeze and Avelo don’t have the assets to step into that role yet. So what happens to Spirit’s assets (e.g., gates, aircraft, etc.) is very important for the ultimate impact.”
Read the full piece here.