FIRST MAJOR OIL CASUALTY?

This post is about what looks like will be the first major casualty of the current "oil chaos." In about two hours (at 3 in the morning Eastern Time) Spirit Airlines is expected to cease Operations. The suspected main reason is the price of jet fuel.


Grant it, most people have considered Spirit a troubled airline for several years (they have filed for bankruptcy twice in recent years) but if the price of jet fuel (which has greatly increased due to the current oil crisis) end up being the reason for the airline closing down, they will (in my opinion) be the biggest casualty of the oil crisis to date.




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