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The sudden rise in fuel prices due to the Iran war seems to be at blame. If you have thin margins and didn't hedge, then a shock like that can wipe you out. Pro
by verzali 5mo ago
The sudden rise in fuel prices due to the Iran war seems to be at blame. If you have thin margins and didn't hedge, then a shock like that can wipe you out. Probably won't be the last.
- altairprime 5mo ago‘Didn’t hedge’ because they set the price below the resilience floor and couldn’t; or because they paid out the good times to shareholders instead of resilience; or..?
- wlonkly 5mo agoIt might've been the straw that broke the camel's back, but they've been unprofitable since the pandemic.[1] Mainline airlines introducing "basic economy" fares that weren't as no-frills as Spirit seems to have been a contributor. [1] https://theaircurrent.com/airlines/spirit-airlines-trump-administration-bankruptcy-bailout-jetblue/ https://theaircurrent.com/airlines/spirit-airlines-trump-adm...