| petite6 |
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| Jokers Wild |
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| Reged: 08/14/06 |
| Posts: 189945 |
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 Spirit Airlines shuts down, blames cost of fuel due to Middle East war: No U.S. carrier of Spirit's size has liquidated in 2 decades
05/02/26 09:46 AM
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Bankrupt discount carrier Spirit Airlines ‌ceased operations on Saturday, the industry's first casualty linked to the Iran war, after failing to secure creditor support for a U.S. government bailout plan.
The collapse of the first carrier due to a doubling in jet fuel prices during the two-month-old war will cost thousands of jobs.
It is a blow to U.S. President Donald Trump, who had proposed $500 million US to save ​Spirit despite opposition from some of his closest advisers and many Republicans in ​Congress.
No U.S. carrier of Spirit's size — it accounted for five per cent of U.S. flights at one point — has liquidated in two decades. Spirit helped keep fares lower in markets where it competed against major carriers.
A Spirit ​board meeting had ended without an agreement to rescue the company, a person close to the discussions told Reuters late ⁠on Friday.
https://www.cbc.ca/news/world/spirit-airlines-ceasing-operations-9.7185446
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