Operator
Welcome to the fourth-quarter and fiscal-year 2020 conference call. My name is James, and I ll be your operator for today s call. [Operator instructions] And I d now like to turn the call over to DeAnne Gabel. DeAnne, you may begin.
DeAnne Gabel
Senior Director, Investor Relations
Thank you, James, and welcome, everyone, to Spirit Airlines fourth-quarter earnings call. This call is being recorded and simultaneously webcast. A replay of this call will be archived on our website for 60 days. Presenting on today s call are Ted Christie, Spirit s chief executive officer; Matt Klein, our chief commercial officer; and Scott Haralson, our chief financial officer.
Spirit Airlines made a $508 million operating loss in 2020 but plans to return to full pre-pandemic capacity levels by the summer travel season and take delivery of 16 aircraft by year-end.
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The number of opponents to a possible Covid-19 testing requirement for all U.S. domestic flights keeps rising. From the halls of Congress to the nation’s largest airlines, just about everyone with a stake in travel is lining up against a policy that is widely believed to be the equivalent of taking a sledgehammer to kill a fly a potentially large economic hit that could do little to stop the spread of the virus.
South Florida-based Spirit Airlines, the country’s largest ultra low-cost carrier or one defined by low costs and low fares plus extra fees for just about every amenity is the latest to weigh in. Executives warn of a dramatic impact on travel demand plus high implementation costs, especially at a time when the U.S. is still struggling to expand coronavirus testing capacity.
Dueling Chauvin trial security funding plans on a collision course in the Legislature
The ongoing discussions come as state and local public safety groups are trying to hammer out a final preparedness plan ahead of ex-police officer Derek Chauvin s trial. 3:28 pm, Feb. 11, 2021 ×
Snow fell on the Minnesota State Capitol building on Thursday, Nov. 12, 2020. (Dana Ferguson / Forum News Service)
ST. PAUL Debates over preparations for an ex-Minneapolis police officer s trial are set to come to a head next week as the Minnesota Senate and House of Representatives take up conflicting plans to fund an enhanced police presence in the area.
State and local public safety officials have warned that Derek Chauvin s trial could draw civil unrest similar to what Minneapolis and St. Paul faced last summer following the killing of George Floyd. And they ve called on lawmakers to approve a plan that could free up funds for Minneapolis to reimburse police agencies calle
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Who gets credit for open source success?
Like so many winning projects, Weaveworks’ Cortex is the result of a long and winding chain of open source inspiration and innovation Credit: Dreamstime
Over 2000 years ago the Roman historian Tacitus observed that “Victory is claimed by all” or, as some translations put it, “Success has many fathers.” Open source is similar.
For example, Amazon Web Services (AWS) recently worked with Grafana Labs to build and launch a managed Prometheus service two companies joining together to deliver the open source monitoring software as a cloud service. Sounds simple, right?