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News Wire / economy

Spirit Airlines Shuts Down All Operations

developing KYW Newsradio 1060 Philadelphia 17d11d Impact 8

Airlines are reducing flight operations by as much as 30 percent due to a 25 percent drop in jet fuel supply. The Department of Transportation stated that most airlines will cap ticket prices for Spirit travelers needing to rebook canceled flights. The announcement aims to mitigate risks to the aviation sector's stability. Spirit Airlines ceased operations today following failed negotiations between the airline, its creditors, and the Trump administration. Planes were parked overnight at various airports where they landed to facilitate passenger travel. Transportation Secretary Sean Duffy stated at Newark International Airport that the administration attempted to assist the airline through several proposed ideas. Efforts to establish a plan to maintain operations were unsuccessful. The closure leaves at least 17,000 people unemployed and affects millions of passengers.

Airlines are reducing flight operations by as much as 30 percent due to a 25 percent drop in jet fuel supply. The Department of Transportation stated that most airlines will cap ticket prices for Spirit travelers needing to rebook canceled flights. The announcement aims to mitigate risks to the aviation sector's stability. Spirit Airlines ceased operations today following failed negotiations between the airline, its creditors, and the Trump administration. Planes were parked overnight at various airports where they landed to facilitate passenger travel. Transportation Secretary Sean Duffy stated at Newark International Airport that the administration attempted to assist the airline through several proposed ideas. Efforts to establish a plan to maintain operations were unsuccessful. The closure leaves at least 17,000 people unemployed and affects millions of passengers. In Colombia, the civil aviation authority has activated a contingency plan to manage the fallout. Bankrupt budget carrier Spirit Airlines shut down its operations today. The announcement was reported by CBS and Sally Baughman. David Fishman from Cadillac Travel stated that flight fares are expected to increase as a result of the shutdown.

Topics

aviation fuel shortage economy

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Sources · 7 independent

KYW Newsradio 1060

“Its supply of jet fuel has dropped 25%, to you at New York's JFK and 11 at Chicago's O'Hare. Many airlines are reducing flight operations by as much as 30 percent.”

KYW Newsradio 1060

“Many airlines are reducing flight operations by as much as 30 percent and some even cancelling entire routes.”

KNX Los Angeles

“Airlines around the world are cutting schedules and grounding planes amid rising jet fuel prices and deal speculation.”

1010 WINS NYC

“Airlines around the world are cutting schedules and grounding planes amid rising jet fuel prices and deal speculation.”

1010 WINS NYC

“The Dutch flag carrier KLM said it would scrap 80 return flights out of Amsterdam. And German carrier Lufthansa said it will remove 20,000 short-haul flights by October.”

NPO Radio 1

“Luchtvaartmaatschappij Transavia schrapt in mei en juni ook een deel van de vluchten, omdat de prijzen voor vliegtuifbrandstoff sterk stijgen.”

Europe 1

“Air France annule plusieurs liaisons opérées par sa filiale Transavia pour les deux mois qui viennent. Moins de 2% de ces vols sont concernés.”

Sky News Arabia Radio

“after seventy days of the closure of the Strait of Hormuz in the background of the war in Iran, the Old Continent has begun to feel a shortage of aircraft fuel coming from the Middle East and airlines have begun to rearrange their schedules.”

Times Radio UK

“operations due to the price of jet fuel doubling in two months.”

1010 WINS NYC

“Spirit sent a notice to all employees, crews, and personnel that their airline would be ceasing operations at 3 a.m. Eastern. Spirit says it'll issue automatic refunds to customers who bought their tickets directly from Spirit with a credit or debit card.”

BBC WS backup

“Passengers in the US have been left stranded by the collapse of Spirit Airlines, which has ceased operations, having failed to secure creditor support for a bailout plan.”

WWJ Detroit

“Spirit Airlines is no more. The budget airline shut down all operations Saturday morning. Travelers are advised to not show up at Detroit Metro Airport as all Spirit flights have been canceled.”

WBAL Baltimore

“Spirit Airlines has made its final approach. The airline ceasing operations. Sarah Nelson, head of the flight attendants union, says thousands of employees are about to lose their health benefits.”

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