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On Feb. 24, just days before the war in Iran began, Spirit announced that it expected to exit Chapter 11 bankruptcy in the late spring or early summer, after striking a deal with its lenders and secured creditors. Since then, the war has severely limited tanker traffic in the Strait of Hormuz, spiking oil and jet fuel prices, which has reverberated through the airline industry and, rumor has it, jeopardizing Spirit’s tenuous finances.

The situation has gotten so dire that the airline has asked the Trump administration for hundreds of millions of dollars in emergency funding, The Air Current reported.

A Spirit spokesperson told Fortune the company does not comment on market rumors and speculation and that operations were continuing as normal. 

Spirit’s restructuring plan hinged on much lower fuel prices. The airline is planning to spend $2.24 per gallon in 2026 and $2.14 in 2027, according to a March filing to the Securities and Exchanges Commission. As of April 16, jet fuel cost $4.32 per gallon, almost double the estimate.

On Feb. 24, just days before the war in Iran began, Spirit announced that it expected to exit Chapter 11 bankruptcy in the late spring or early summer, after striking a deal with its lenders and secured creditors. Since then, the war has severely limited tanker traffic in the Strait of Hormuz, spiking oil and jet fuel prices, which has reverberated through the airline industry and, rumor has it, jeopardizing Spirit’s tenuous finances. The situation has gotten so dire that the airline has asked the Trump administration for hundreds of millions of dollars in emergency funding, The Air Current reported. A Spirit spokesperson told Fortune the company does not comment on market rumors and speculation and that operations were continuing as normal. Spirit’s restructuring plan hinged on much lower fuel prices. The airline is planning to spend $2.24 per gallon in 2026 and $2.14 in 2027, according to a March filing to the Securities and Exchanges Commission. As of April 16, jet fuel cost $4.32 per gallon, almost double the estimate.

Much coverage of how Donald Trump, who proved unable to run Shuttle Inc, is about to take over Spirit Airlines seems to be missing this bit: It would have come out of BK by itself if Trump had not created a global catastrophe.

fortune.com/2026/04/20/s...

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Scouse on pizza? 👀🍕

Choose to be original. Choose Google Pixel 📲 #TeamPixel #Ad

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If you attend the White House Correspondents Dinner this year, you should be legally barred from using the term "journalist" to describe yourself from that point on.

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And 💯 you cannot cite ignorance, unlike in 2016. Many wanted to take the piss at liberals or whichever group they hated in 2024 and so can’t complain about the splash back

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Massive loser energy 🤦‍♂️

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It’s not media cluelessness – it’s cowardice and complicity But there’s another word starting with “C” that describes some journalists: courage.

Journalists might've once had the excuse that the didn’t realize how bad MAGA extremism would be. But they can't plead cluelessness now. What’s left are cowardice, complicity and courage. Pick one.
My Stop the Presses newsletter.

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If you love American music, this is monumental. The clarity on this discovered test pressing reveals Johnson's genius to an even greater degree than the '61 re-release of his 29 songs. You can hear the stabbing slide and delicate fingering on every string. Amazing.

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I don’t like what Lab has done but I think it is due to fragility of their big majority which came about as a result of the splitting of votes on the right

That being said I agree a better leader would’ve seen it as a chance of doing big things to let such voters look at Lab in a different light

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Gonna spend the next two years spamming every elected Dem about the concept of "damnatio memoriae." Chisel his name off every inscription. Build over the various Trump Towers like they're Nero's Golden House. Remove him from physical memory, not to forget but as a sign of disrespect to the man.

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The likely only way we would get pre-war prices by next year is if there was an economic recession 🤷‍♂️

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That is such an apt summary that sounds so bat shit insane on the face of it that it’s truly gaslighting to call this lawyering

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I agree with so much of this thread 😩

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Virgil!!!! #LFC
Reminiscent of his debut game, also against Everton

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Nice move #LFC

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Kerkez’s hair just looks amazing 👌 #LFC

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Funny hearing commentators call the Everton offside goal a “marginal” decision. It was a mile off mate 🤣 #LFC

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thanos says i am inevitable in a movie ALT: thanos says i am inevitable in a movie
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Yes Mo!!! First ever derby goal at the new stadium LOL #LFC

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Loved that show!

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That’s 🔥 mate

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The Inside Story of Five Days That Remade the Supreme Court

Chief Justice John Roberts should be impeached and removed from the Supreme Court.

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Big investigation about a very secretive institution

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Yeah maybe somewhere on the continent. Like BVB

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Corporate media abetted his rise and sustained his presence. Accomplices

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This is looting of a government by its leader and his family in such a bold and open way that a Boss Tweed or Huey Long would have stood righteously opposed and explained to underlings that they should dare. It's stealing in plain sight. And everyone involved will need to be one day prosecuted.

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“They’ll never close the Strait again” lasted a solid 10 hours.

Masterful negotiation (read: market manipulation) from Trump

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(3/3) … middle income trap, falling short of the lofty Chinese dream stoked by Xi

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(2/3) … a strategy that, as it in the past, it turns to as growth wanes - or the inherent dynamism of parts of a continent-sized economy that is driven by entrepreneurism such as in tech or advanced manufacturing. The end state may not so much be stagnation, which seems harsh, but a middling …

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(1/3) Good read from Prof Pei, who rightly argues that the Deng reforms to prevent another totalitarian leader from emerging were fragile and superficial given the underlying hegemony of the CCP. What he may have left out was the harnessing of nationalism to undergird CCP legitimacy - … 💙📚

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Crazy gaslighting from the most corrupt regime in history raiding the treasury right in front of our faces

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