Third Bridge Global Business Leader Peter McNally joined ‘Mornings with Maria’ on Tuesday, saying labor shortages in the airline industry are ‘pushing up prices for consumers’ and will not be not resolved “quickly”.
JETBLUE HOLIDAY PACKAGES EXCEED PRE-PANDEMIC VOLUMES, SAYS TRAVEL PRODUCTS PRESIDENT
PETER MCNALLY: The argument that Frontier and Spirit… [have] what they think about their merger is that they want to grow. They want to create jobs, and they think that by joining forces, they can compete with the much bigger airlines…in the industry. It would become the fifth largest airline in the United States… [which]…is a different presentation they make to regulators. JetBlue will increase its regulatory risk here by effectively doubling down.
They have this Northeast alliance that they pursue with American [Airlines] that the DOJ is considering, and now they’re trying to convince Spirit that they can handle this…merger too. But the capacity…that drives up fares is actually limited by the labor situation…it’s pilots and cabin crew…those kinds of factors that…drive up prices for consumers.
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