What's Happening at Spirit and Frontier?

Slower bookings and "heightened" airfare discounting are hurting Frontier Airlines and Spirit Airlines this quarter. That means potentially deep losses for the ultra low-cost carriers. Edward Russell and Jay Shabat discuss what happened. Plus, the latest on the Pratt & Whitney geared turbofan engine situation. Reading List Spirit Airlines Stuns with Forecast of Steep Third-Quarter Loss Airbus A320neo Pratt Engine Issues to Ground 650 Planes Next Year