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Spirit Airlines’ collapse marks the industry’s first casualty linked to Trump’s Iran war.

Spirit Airlines’ Shut Down Marks Industry’s First Iran War Casualty

Global carriers are contending with surging jet fuel prices since the U.S.-Israeli strikes on Iran disrupted traffic through the Strait of Hormuz.

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Transportation Sec. Sean Duffy said a bailout is not “necessary” for low-cost airlines that have sought government relief due to high jet fuel prices.

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Transportation Secretary Duffy announces measures to support customers, employees left in lurch by Spirit Airlines shutdown