Free Republic

Gradually, then suddenly, is how bankruptcies often play out, as in “The ultra-low-cost carrier [Spirit Airlines] has struggled for years and filed for bankruptcy twice since 2024,” and now, “Spirit Passengers Rush to Find New Flights.”AdvertisementElizabeth Warren was quick to respond: “Donald Trump’s war with Iran caused the sky-high fuel prices that finally did Spirit Airlines in.” Got it, Senator.In July, 2022, the shareholders of Spirit Airlines had agreed to be acquired by Jet Blue:AdvertisementJetBlue will pay $33.50 per share, which is an equity value of $3.8 billion. The merger would give JetBlue 9% of the market, according to a...

Budget carrier Spirit Airlines officially shut its doors Saturday, laying off its employees and cancelling all flights after rising fuel costs pushed the struggling company over the brink. The price of jet fuel has spiked since the American–Israeli war on Iran started in late February, leaving Spirit—which had already declared bankruptcy twice in less than two years—unable to sustain its business operations. “The sudden and sustained rise in fuel prices in recent weeks ultimately has left us with no alternative but to pursue an orderly wind-down of the Company,” CEO Dave Davis said in a statement released Saturday. Davis added...