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International Business Times
International Business Times
Business
Demian Bio

Spirit Airlines Says 'Recent Geopolitical Events' Leading To Fuel Spikes Led It To Shut Down

Spirit Airlines said in a court filing that the spike in fuel prices played a major role in its decision to shut down operations.

Spirit Airlines said in a court filing that the spike in oil prices resulting from the Iran war played a key role in its decision to cease operations.

While the company did not mention the conflict specifically, it made reference to "recent geopolitical events" that "resulted in a massive and sustained increase in fuel prices."

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