The collapse of Spirit Airlines sparked debate about mergers, regulation, and competition.
But the deeper issue is simpler:
👉 When costs rise, who pays?
In this episode, we break down:
Why airline competition depends on “switching” passengers
What a merger would have changed
Why bankruptcy is not the same as consolidation
How regulation shifts costs between consumers and firms
We also explain:
Why low-cost airlines matter more than their market share suggests
Why bankruptcy creates immediate disruption
Why mergers create gradual price pressure
🎯 Key insight:
Markets don’t eliminate costs—they allocate them.
Read the full article and graphic analysis:
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