Spirit Airlines becomes industry’s first casualty of Iran war; over 17,000 jobs at stake
Spirit Airlines, the first US carrier to collapse in two decades, ceased operations on Saturday due to the Iran war's impact on jet fuel prices. This will result in the loss of thousands of jobs and a blow to President Trump's proposed $500 million bailout. Rival carriers like JetBlue and Frontier will benefit, while major US carriers are offering rescue-fare options for affected passengers.