fuel crisis

Spirit Airlines Grounds All Flights, Begins Shutdown Amid Fuel Crisis

Spirit Airlines has canceled all flights and begun an orderly shutdown after a White House rescue plan failed and fuel prices doubled due to the Iran war. The collapse eliminates a 5% share of U.S. domestic capacity and is a political blow to President Trump, who pushed a $500 million bailout. Other carriers, including Lufthansa and Air India, are also cutting flights amid the fuel crisis.