The Conservative Cave
Current Events => General Discussion => Topic started by: SVPete on May 25, 2026, 11:41:44 AM
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Spirit lost $1.61 for every $1 it took in — and would still be losing money even if jet fuel was free
https://nypost.com/2026/05/22/business/spirit-lost-1-61-for-every-1-it-took-in-and-would-still-be-losing-money-even-if-jet-fuel-was-free/ (https://nypost.com/2026/05/22/business/spirit-lost-1-61-for-every-1-it-took-in-and-would-still-be-losing-money-even-if-jet-fuel-was-free/)
A new court filing has revealed just how desperate Spirit Airlines was for a bailout ahead of its abrupt shutdown earlier this month – as it operated at massive losses that even free jet fuel couldn’t fix.
The embattled budget carrier – known for its neon yellow Airbus fleet and ultra-low fares – ceased operations earlier this month after it failed to secure a $500 million bailout from the Trump administration, following its second bankruptcy filing in less than two years.
In its March operations report, which Spirit filed in bankruptcy court earlier this week, the upstart carrier revealed it was losing $1.61 for every $1 it took in – with an operating margin of -61.2%.
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Aircraft fuel costs for the Florida-based airline totaled $99,662,449, or about 24% of its total operating expenses. Even if the airline was given its fuel for free, it still would have suffered a loss, according to the report.
Progs have been, absurdly, blaming 2 months of fuel prices elevated due to Iran for Spirit Airlines' bankruptcy. It does not take genius to realize that bankruptcy is the product of years of operational losses, but many on FB are less than genius-level.