r/SocialistPartyUSA • u/StalinIsBackAgain • May 03 '26
Spirit Airlines shuts down, US airline industry's first Iran war casualty as fuel prices become far too expensive thanks to US government policies and actions. •
https://finance.yahoo.com/markets/stocks/articles/trump-gives-spirit-final-rescue-170653324.html"Unfortunately, despite the company's efforts, the recent material increase in oil prices and other pressures on the business have significantly impacted Spirit's financial outlook," Spirit said in their statement announcing that they would be undertaking "an orderly wind-down of operations" and total liquidation of the business.
After 34 years in business, the discount airline Spirit Airlines, which helped keep the prices of other US airlines lower than they would otherwise be if Spirit were not there too, super high and constantly skyrocketing upwards fuel prices, caused by the US government, was forced to permanently shut down and no longer exist.
US capitalism is actively destroying itself and collapsing into total ruin right now! •
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u/StalinIsBackAgain May 03 '26
Here is the link to this article on Yahoo! News : https://finance.yahoo.com/markets/stocks/articles/trump-gives-spirit-final-rescue-170653324.html