The Imperial Presidency, Part 2

[robkelk]

This is how His Orangeness brings jobs to the USA: Spirit Airlines shuts down, blames cost of fuel due to Middle East war

The collapse of the first carrier due to a doubling in jet fuel prices during the two-month-old war will cost thousands of jobs. It is a blow to U.S. President Donald Trump, who had proposed $500 million US to save ​Spirit despite opposition from some of his closest advisers and many Republicans in ​Congress.

No U.S. carrier of Spirit's size — it accounted for five per cent of U.S. flights at one point — has liquidated in two decades. Spirit helped keep fares lower in markets where it competed against major carriers.

Not that the airline wasn't already having problems, but they were on track to get out of the mess they were in... before fuel prices doubled.

Spirit had reached a deal with its lenders that would have helped it emerge from its second bankruptcy by late spring or early summer.

But those plans derailed ⁠after the ⁠war triggered a spike in jet fuel prices, upending Spirit's cost projections ​and complicating its bankruptcy exit.