Geo Politics

It’s Not Just Spirit. These Budget Airlines Are Also Putting Low-Cost Fares At Risk.

Forbes 18,114,317 followers May 5, 2026 Good evening, The jet fuel crisis was the straw that broke Spirit Airlines’ back, but other budget airlines are also struggling. Jet fuel was $4.13 a gallon today—up 65% since the U.S. and Israel launched strikes against Iran. “Everybody is burning cash—we just had a smaller pile to start with,” Spirit Airlines CEO Davis said. It...

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