Spirit Airlines CEO Ted Christie spoke candidly about the airline industry, likening it to a rigged game and saying U.S. consumers are "the long-term losers." "Today, nearly all the profits of the entire U.S. airline industry are concentrated in just two companies, while the smaller non-legacy carriers scrambled to restore profitability in what seems ever more like a rigged game," Christie said in an earnings call with analysts. He added that "The Big Four are the beneficiaries of this new... Read this story
