We’ve been here before but breaking through the 80 million mark this week is perhaps a further sign of the recovery gathering pace and things beginning to return to normal. As always we will look in more detail at the data, but first this week we wanted to reflect on a couple of developments that occurred last week that suggest airlines and countries are continuing to get ready for the recovery.
Frontier and Spirit Airlines Plan to Merge
The first was the announcement of a planned merger between Frontier Airlines and Spirit Airlines, which may have caught a few by surprise although we always felt a bit more consolidation was likely in the US aviation market. Any consolidation play during the pandemic would have had alarm bells ringing but as the whole industry now seems to be heading in the right direction taking such a step right now seems to make sense. The two carriers have much in common with similar operating fleets, similar sizes and positions in the market and as the two…