Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst and trader Chris Markowski.
Speaker 2 (00:16):
Senator Josh Holly, Republican versus the cheap airlines. Again, I'm
amazed at what these people in Washington, d C. Do
at their time over the course of a day. Now
they're hearing. Now, they're hearing, and they decided to parade
the CEO of Spirit Airlines and the CEO of Frontier Airlines,
(00:42):
and Josh Holly, oh Man, he was proud of himself.
Again again, this was right out of a Bernie Sanders
aoch Maxine Waters playbook. Yeah, let's post videos of me
ridiculing some CEO at some point in time. I mean again,
Elizabeth Warren would be proud of you, Josh. Anyway, Josh
(01:09):
is basically pointing out that Spirit in Frontier paid their
gate agents twenty six million dollars, he says, to harass
customers whose bags were too big. Yeah, they paid their
gate agents a commission. They paid their gate agents a
(01:30):
commission for catching bags that are too big. That's terrible
at me, that thlawful. And he was also talking about
arbitrary fees that they're charging and the fact that hey,
you know this is arbitrary and I don't know how
(01:52):
much was your ticket? How much was ticket? To discount airline?
Does it not say? Does it not tell you they're
going to charge for carry on bags, They're going to
charge for check bags? It does. Oh, there's a litany
(02:17):
of fees that are there. Now I'm gonna break these
these airlines down for you first time. I would never
You couldn't pay me to fly on Spirit. Have you
ever seen the videos and the things that take place?
And you couldn't pay me to get on one of
those airlines. I have flown Frontier before. Again, it's convenient
(02:37):
for where I used to live on Long Island and
got a small airport there and Icelip and Frontier flew
out of there, and I have flown them before. It's
no frills. The seats are rinky dink. There's no TV
on the plane. I get that, but the ticket's not
much usually. But anyway, neither here nor there. If you
(03:00):
if you go into seven eleven and you're looking to
get some food. Do you buy sushi? There? I'm just
just throwing it out there. Oh better yet? You know
what you you book a you book a hotel room,
and you know you see that it's fifty dollars for
the night. You're looking. You see a hotel room is
(03:21):
fifty dollars a night. What are you expecting out of
that hotel room? Are you going to complain if you
you know, you happen to see a roach or there's
some stains on the floor or whatever. I mean, how
about a little bit of buyer beware. Listen. You want
(03:43):
to fly Spirit, you want to fly Frontier. You don't
know this going in and what you are going to
have to deal with again, you know, Josh, Well, due respect, man.
Don't you guys have better things to do with your
damn time? Nothing else better to do in Washington, d C. Okay,
(04:04):
you got an airline that's declaring bankruptcy, and Spirit you
got Frontier that's hanging on. Okay, they're trying to make
their business model work. Don't fly it. Don't fly the
damn airline for crying out loud, all they're gonna do
If you tell I tell you, then you people with
(04:24):
infinite wisdom in Washington, d c. I to get rid
of all the bag fees, get rid of it all.
What they're gonna do, You're just gonna charge more for
the tickets that they have to make ends meet somehow.
It is what it is, okay if you don't know
what you're getting into when you're spending thirty dollars on
(04:46):
a ticket from New York to Florida anyway, Watchdog on
Wall street dot com