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 might all fall on cost-conscious travelers, aviation experts warn. Here’s what to know.
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Kris Kornbluth Assistant Editor, Platforms & Curation
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