Associated Press
• Rio Yamat
Spirit Airlines collapse leaves U.S. budget travelers facing flight shortages as jet fuel spikes push fares higher
Spirit Airlines shut down summer vacation operations after collapsing financially, prompting legal and market attention to whether low-cost pricing can persist. The timing is especially difficult for travelers because jet fuel costs surged—up 56% in March after the Iran war outbreak—driving broad increases in airfares and fees across the industry.
