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Delta could give away $8 billion of free tickets in spirits markets, spirits revenues $4.9 billion.

And so that's a lot of cash. The big airlines have to compete against the low-cost airlines.

And so that was part of the gripe of the low-cost airlines, by the way, is its unfair competition.

That's just the way it works. That's the way the world rolls these days.

Hello and welcome to the Barron Streetwise podcast.

I'm Jack Howe, and the voice you just heard is Daniel McKenzie.

He's an airline analyst at Seaport Research,

and he's going to tell us about Spirit airlines which is suddenly gone and what it means

for jet blue and frontier which are still definitely here and the rest of the group he'll touch on

fuel prices and what's next for discount flying and whether and how investors should take a flyer

on airline shares.

I want you to picture a middle class family that does almost nothing but drive.

They travel from New York City to Los Angeles and back each week.

Horrifying, I know.

I think I might have something like a 10-hour drive coming up in the middle of summer.

...