I took Spirit a few times. Never had a problem with them until one time they cancelled a flight because the stewardess didn't show up. I had to rent a car and drive across the country because I was due for work the next day.
It was good when they worked. I never used spirit after this incident. I'm not surprised this happened.
Airlines have horrible margins. Having to buy or rent the planes itself is already a huge drag on their earning potential with devalauing assets and costs for maintenance. Id say theyre arguably even worse than running a restaraunt.
The only upside of an airline business is the sheer size of the revenue generated from an airline. Because youre exchanging hands on the flow of a huge amount of cash constantly it becomes easy to borrow money against and also pay high payouts to corporate/owners.
That revenue was artificial and pumped up by the previous board opening too many loss making stores, that revenue was costing more to generate that it was brining in.
RC has stabilised it to actual profit by eliminating the high rent, low turnover stores.
Boston Consulting Group had been providing the previous board with bad advice.
Some say in a deliberate move to sabotage the company from the inside.
The shorts could have then made bank off it's collapse.
They would have got away with it too, if it weren't for you meddling kids and that mangy mutt!
Wow a garage is pretty sweet but yeah that's too much land $
There is a mobile home park in Pacific Palisades (LA border) on top of a hill by canyons and it's the most expensive $$ one I've ever seen. Rent there was 1275 a month in 2015, wonder what it is now
The issue is very little innovation in the sector. What if Tesla just started renting out Model Ys for 50 bucks a day and the Tesla drives itself to you from their various existing stores. All done by app, with not a single customer service staff or paperwork
Rental cars are so boring, they should form partnerships either existing car brands for unique editions or ‘lucky dip’ type of promotions e.g. rent a Camry and end up in a Lexus. Or unique colours or engine variants unique to Avis. Heck if even look at tie-ins with major movie franchises like Iron Man or Batman editions with some unique decals or colors, yes it’s lame but it adds a bit of a colour to such a boomer sector
There is no excitement for a consumer product that should be fairly exciting
The managers of spy have the largest houses in the hamptons and by houses i mean theyve been buying out the neighbors too lol. Its rumored that one can walk along the beaches there and find enough cash blowing in the wind to pay rent in the bronx