How is Southwest making money and generating profits and revenue whereas Spirit failed and JetBlue is on the verge of bankruptcy?

Posted by Aggressive-Lock6840@reddit | aviation | View on Reddit | 148 comments

With Spirit going out of business and JetBlue on the verge of bankruptcy low cost travel is failing. However, when looking at the number Southwest the largest low cost carrier is thriving with a very clean balance sheet, low debt and 227 Million net income with over a billion dollars in net income projected for this year and over a 4.00 estimated margins. I know Southwest is moving more towards a model like Alaska where it’s a hybrid carrier but how come they seem so much stronger than other low cost carriers and even American Airlines. The only 2 airlines that appear stronger than them in finances is United and Delta. Spirit obviously failed, JetBlue is on the verge of failing and Frontier isn’t doing great either.