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jet fuel prices

Spirit Airlines seeks approval to make retention payments as it ends operations
May 4, 2026

Spirit Airlines seeks approval to make retention payments as it ends operations

Spirit Airlines requests bankruptcy court approval to pay $10.7 million in retention bonuses as it ceases operations amid failed bailout talks and rising fuel costs.

A Spirit Airlines operational update notice at Orlando International Airport after hitting an impasse in talks with some creditors on a $500 million government bailout plan, in Orlando, Florida, U.S., May 2, 2026. REUTERS/Miguel Rodriguez
May 3, 2026

Spirit Airlines shuts down, industry’s first Iran war casualty

Spirit Airlines shut down after failing to secure bailout amid jet fuel price surge linked to the Iran war, impacting thousands of U.S. jobs and flights.

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