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Kerosene Crisis Leads to Spirit Airlines Bankruptcy in the United States

The American low-cost airline has ceased operations after 34 years, affected by rising fuel prices and a lack of financial support.

Generic image of an empty fuel gauge in an airplane, symbolizing the kerosene crisis.
IA

Generic image of an empty fuel gauge in an airplane, symbolizing the kerosene crisis.

The low-cost airline Spirit Airlines, based in the United States, has declared bankruptcy and immediately canceled all its flights, becoming the first airline directly affected by the increase in fuel prices.

The company, which had been operating for 34 years, needed an injection of 500 million dollars (approximately 426 million euros) to stay afloat. Despite its efforts, it failed to convince its creditors or secure support from the White House, leading to its closure this Saturday.
This situation leaves approximately 15,000 employees jobless and comes after the airline had already overcome a financial crisis in the summer of 2025. The bankruptcy of Spirit Airlines is directly attributed to the impact of the war in the Middle East on kerosene costs.
Other major airlines such as JetBlue, Ryanair, and EasyJet have also had to adapt to the new reality, canceling routes or increasing ticket prices to ensure the viability of their businesses. Lufthansa, for example, has canceled 20,000 flights until October.
Large airline corporations have more resources to absorb these price increases, mainly due to hedging strategies, which allow them to secure future fuel prices. In Spain, airlines have conveyed a message of reassurance to users, highlighting the capacity of the eight existing oil refineries in the country to guarantee kerosene supply in the medium term.

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