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Bankrupt discount carrier Spirit Airlines shuts down, blames fuel cost from Iran war
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Bankrupt discount carrier Spirit Airlines shuts down, blames fuel cost from Iran war

  • CBC - World Video
  • May 2, 2026
  • May 2, 2026 Updated Jun 11, 2026
  • 0
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Budget carrier Spirit Airlines ceased operations on Saturday after failing to secure creditor support for a U.S. government bailout plan. The airline's collapse is the industry's first casualty linked to the U.S.-Israeli war on Iran and a blow to U.S. President Donald Trump, who had proposed $500 million US to save Spirit.

As featured on

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

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

The transportation secretary said he doesn't think the government needs to bail out low-cost airlines struggling amid high jet fuel prices.

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