The war in Iran doubles fuel costs, and Spirit Airlines closes its doors after 34 years

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Saberit Airlines will suspend all operations before May 2, 2026, at least 34 times. The increase in fuel costs associated with the war between the United States and Iran has led to a return to profitability.

The last flight landed in Dallas shortly after 1 a.m. EST, with a full system shutdown scheduled for 3 a.m. I submitted an application for chapter 11 in November 2024 and again in August 2025.

Complete increase in fuel costs due to the Iran war

The prices of jet fuel almost doubled after the escalation of the conflict in Iran in 2018 after the supply disruptions across the Strait of Hormuz. Saberit Airlines reported that the war added between 10 million and 15 million dollars to its costs.

Fuel usually accounts for between 25% and 33% of airline operating expenses. For a company with very low operating costs and dependent on air, it leaves room for the economic shock to absorb the increase. The debts accumulated during the period of the Al-Jaîha and the aircrafts from the Braat and Whitney Al-Trât Al-Jâîha company and the aircrafts from the Brat and Whitney Al-Trât Al-Jâîhha company had already weakened the financial position of the company.

the $500 million bailout deal that was never completed

Saberita negotiated about $500 million in federal aid during the administration. The bondholders objected to the terms that would have given the American government an ownership stake. And the Republican lawmakers also rejected the package.

Talks stalled while the airline depleted its cash reserves. Sibirit confirmed the cancellation of all flights and disruption of customer service.

“Unfortunately, starting from May 2, 2026, we will be operating regularly as of now,” said an official statement from Sberit Airlines.

— word in statement Official Sberit Airlines

The exit of Saberite leads to the removal of between 1.8% and 3.4% of the local energy absorption of the United States. Locals expect ticket prices to rise on intersecting lines by about 20%.

17,000 jobs, including those contracted with it, are at risk during liquidation. Jet Blue explained border They will help the passengers to rebook.

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