For years, Spirit Airlines soared with a low-cost, no-frills business model. This week, it came in for a bumpy landing. WSJ's Alison Sider explains how the big airlines learned to compete with Spirit––and helped put the carrier in bankruptcy.

Further Listening:

-The Love Triangle Over Spirit Airlines 

-Frontier, Spirit and the Future of Low-Cost Airlines 

Further Reading:

-How Spirit Airlines Went From Industry Maverick to Chapter 11 Bankruptcy 

-Discount Airline Spirit Files for Bankruptcy 

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