Spirit Airlines shuts down, industry’s first Iran war casualty
https://www.reuters.com/business/spirit-airlines-prepares-cease-operations-after-rescue-deal-stalls-wsj-reports-2026-05-01/
Posted by Same-Kangaroo
Spirit Airlines shuts down, industry’s first Iran war casualty
https://www.reuters.com/business/spirit-airlines-prepares-cease-operations-after-rescue-deal-stalls-wsj-reports-2026-05-01/
Posted by Same-Kangaroo
2 Comments
>Spirit Airlines has now announced it is ceasing operations after failing to secure a $500 million bailout from the U.S. government.
>”All upcoming flights with Spirit have been cancelled, while those with tickets are not expected to be refunded”
>Spirit was emerging from its second bankruptcy filing in recent years before the US-Israel war in Iran, but the resulting surge in jet fuel costs pushed it over the brink.
[https://ca.finance.yahoo.com/news/spirit-airlines-shutting-down-rescue-064814592.html](https://ca.finance.yahoo.com/news/spirit-airlines-shutting-down-rescue-064814592.html)
Spirit Airlines going out of business just goes to show how incompetent leadership at the executive and corporate level are detrimental to business