Source: US News & World Report
“The Trump administration is in advanced talks about a potential rescue of low-cost carrier Spirit Airlines, which is struggling to exit bankruptcy, people familiar with the matter told Reuters. The discussions underscore one of the unintended consequences of the Iran war launched by Washington: a surge in jet fuel prices that is rippling through the aviation industry, squeezing margins and pushing weaker airlines closer to the brink. Fuel costs have roughly doubled since the conflict began, forcing carriers to raise fares, cut flights and scramble to preserve cash. For Spirit, which was already struggling to turn a profit before the fuel shock, the spike has intensified doubts about whether it can survive on its own. The U.S. government is weighing a financing package that could include lending the airline up to $500 million in exchange for warrants, the Wall Street Journal reported.” (04/22/26)