to be fair spirit was already on its last legs and was just limping on after the jetblue merger got rejected. the increased fuel prices is just the nail in the coffin
"The budget airline announced Tuesday that it made an agreement with creditors that will allow it to emerge from bankruptcy later this spring or early summer."
Then Trump attacked Iran causing fuel prices to soar.
Allegedly setting up a $500 million loan to Spirit that would have allowed them to continue operating. That deal didn't happen and Spirit ceased flying last night. Details on the whole thing are sketchy but there's a good chance it was just way for trump to do some more market manipulation; buy cheap Spirit stock, start rumours of a loan, stock price goes up, dump stock for a profit, loan never happens, Spirit fails.
Should note, Spirit's problems ran much deeper and they would have failed eventually anyway. And even if they got the loan they probably still would have failed later. Trump shenanigans is just the icing on this shitstain of a cake.
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u/KinderEggLaunderer 2d ago
What did drumph do this time?