Spirit Airlines is Gone. The Iran war killed it. The budget carrier shut down Saturday — the first airline casualty of the conflict. Jet fuel prices doubled during the two-month war, and Spirit's already fragile finances collapsed. The numbers: Spirit once flew 5% of all U.S. flights. No airline of that size has liquidated in 20 years. What went wrong? Spirit assumed jet fuel would cost 2.24 a gallon in 2026. By late April? 4.51. Fuel is a quarter of an airline's operating costs. There was no recovery. The government tried. Trump proposed $500 million for 90% equity. The board said no. Transportation Secretary Sean Duffy: "If no one else wants to buy them, why would we buy them?" A creditor's blunt assessment: "You can't breathe life into a corpse." The fallout: All flights canceled. 4,119 flights. 809,638 seats. Gone. Passengers told not to bother showing up. Who wins? JetBlue, Frontier, United, Southwest, American. They're rolling out rescue fares, adding routes, and swallowing Spirit's market share. The warning: Economist Mohamed El-Erian says the war's spillovers "Risk Pushing Other Fragile Businesses Over the Edge". Spirit kept fares low. Budget travelers just lost their best option. One airline down. How many more to go? ✈️💥🛢️
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