Hassett: Spirit’s Collapse Traces to Bad Business Model, Not Iran War Fuel Shock
TL;DR
White House economist Kevin Hassett criticized Spirit Airlines’ claim that Iran-related fuel prices led to its closure, arguing the carrier failed due to a weak business model while other airlines hedged jet fuel costs; he also cited the Biden administration’s decision to cancel the JetBlue-Spirit merger as part of the broader context of the airline’s troubles.
- Trump Official Criticizes Spirit Airlines For Saying Iran War Drove Up Fuel Prices HuffPost
- Hassett: Energy shocks from Iran war will affect airline profits for at least a quarter The Hill
- Down the barrel The Times of India
- Elizabeth Warren Says Trump's Iran War Was Final 'Nail In The Coffin' For Spirit Airlines: 'Spiking Fuel Prices…' Benzinga
- Netanyahu & Trump Gift the World Sky-High Fuel Prices and Jobless Pilots indiaherald.com
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