finance
Spirit Airlines Files for Bankruptcy
Spirit Airlines' effort to emerge from bankruptcy has been disrupted by rising jet fuel costs linked to the ongoing Iran War. The airline faces an extra $10 million to $15 million in weekly fuel expenses. As the conflict nears its 10th week, filling America's top-selling vehicle now costs $160.
May 1, 11:28 PM·1m read2 sources
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Spirit Airlines' attempt to emerge from bankruptcy was derailed by surging jet fuel prices amid the Iran War, according to a report from KobeissiLetter. The airline is now spending an additional $10 million to $15 million on fuel per week as a result of the war, the report stated. It costs $160 to fill up America’s top-selling vehicle as the Iran War nears its 10th week, MarketWatch reported.
The Iran War is ongoing as of the current date.
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