Spirit Airlines’ plan to exit Chapter 11 bankruptcy this summer is facing pressure from soaring jet fuel prices. The carrier’s restructuring strategy relied on costs near $2.20 per gallon, but prices reached $4.32 following conflict-related disruptions in the Strait of Hormuz. Analysts suggest these costs could drive operating margins to negative 20% for fiscal year 2026. While reports indicate Spirit has sought emergency federal funding, a spokesperson declined to comment on market rumors, stating operations continue as normal.
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Source · Fortune
