Industry News
CFO Dive: For Spirit Airlines’ CFO, It All Comes Back to Math
“The cost-cutting challenge stems from the mismatch between the short-term nature of the problem and the long-term assets of the carrier.
“We had to create different models that no longer considered fully allocated profitability,” he said. “We had to think of the marginal cost of the business, and decide what’s fixed in today’s world.”
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