Texas’s Four Largest Cities Now Affected By Massive Bankruptcy
Texas has two of the largest markets in the entire United States and several others that eclipse well over a million people, so when a major airline declares bankruptcy it is bound to have a large affect on several of the most frequented airports in the Lone Star State.
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Texas's Four Largest Cities Now Affected By Massive Bankruptcy
Spirit Airlines just filed for Chapter 11 bankruptcy yesterday, and its filing has a large affect on several Texas's cities. In order from greatest city proper populations, the four largest cities in Texas are:
Of course we all know by total market size, Dallas and Fort Worth are just barely ahead of the Houston metro, and well ahead of San Antonio.
Why did Spirit Airlines declare bankruptcy?
Spirit Airlines did see this day approaching quickly, and attempted to merge with another discount airline JetBlue, but that was denied by a judge who believed it would damage the competition in the current marketplace. Basically the company has begun too expensive to run.
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At this point, we know the FAA will closely monitor the airline as it moves through Chapter 11, but we do not know if this will end up leading to an eventual merger with another airline after all. Will the daily flights end between places like Dallas and San Antonio?
What we do know is that Yellow is not a lucky color for major companies as similarly named Sprint also featured the color, and no longer exists after being purchased by T-Mobile.
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