Their cheap ‘Low Fares’ business plan does NOT work in the current Trump War economy these days…….
Trump War Rising Gas prices ARE affecting the ENTIRE World economy….
Spirit Airlines reshaped aviation in the United States by stripping down flying to its essentials and selling what were often the cheapest tickets around. But the airline shut down for good on Saturday, a victim of the rising costs it once excelled at controlling.
In a statement just after 2 a.m., Spirit said it had canceled all flights and told passengers not to go to the airport. On the airline’s homepage, a bright yellow banner declared that the airline was “winding down all operations.”
The budget airline had lost billions of dollars in recent years as it struggled with intense competition at its most important airports — Las Vegas, Florida and New York among them — along with rising labor costs and aircraft maintenance needs.
As a result, Spirit filed for bankruptcy in 2024 and again in 2025. It had aimed to emerge from the second bankruptcy this summer as a smaller company, but those plans fell apart as jet fuel prices rose dramatically in recent weeks, a consequence of the U.S. and Israeli war with Iran….
…
The shutdown leaves 17,000 full- and part-time Spirit employees without work and tens of thousands of customers without flights. Spirit said it would automatically issue refunds for tickets purchased on credit or debit cards and was working to get more than 1,300 flight crew members home.
Many other airlines said they would offer affected travelers discounted prices on flights to and from the airports that Spirit served. Some said that they would help stranded Spirit employees get home and United Airlines also invited them to apply for jobs….
…
While Spirit was particularly affected by rising competition and costs, other budget airlines have also struggled financially in recent years. This past week, the Association of Value Airlines, a trade group representing low-cost airlines including Spirit and Frontier, asked the Trump administration for $2.5 billion in aid to offset higher jet fuel costs, which have risen by about 65 percent since the war in Iran began….
image…CNN
Leave a Reply
You must be logged in to post a comment.