On Saturday, Spirit Airlines officially shut down all operations. The announcement came after negotiations for a nine-figure government bailout fell through. The budget airline was unable to continue business with the soaring price of jet fuel that has resulted from Trump’s war on Iran. But that was merely an accelerant. Spirit’s financial trouble goes back to the covid years. All airlines were hit hard by the covid lockdowns. But even after most travel resumed and government bailouts were paid out, Spirit was unable to bounce back. That was largely because the economic effects of the