Today 7:27 am
jerrab » 7 minutes ago » wrote: ↑ -----------------------------------------------
Earlier this year, Spirit announced a plan to exit its second bankruptcy, but the plan's assumptions about the costs the airline would face were upended by the outbreak of the Iran war, which sent oil prices surging and ultimately pushed jet fuel prices beyond what it could manage.
Spirit had been struggling to turn a profit before the fuel shock and has faced $100 million in fuel costs since March 1. Huebner noted that Spirit faced many hundreds of millions of dollars in high fuel costs over the rest of the year if it were to continue to operate.
Doesn’t everyone face those same fuel costs?