Spirit Airlines might liquidate as surging jet fuel costs threaten bankruptcy exit |
Spirit Airlines might liquidate as surging jet fuel costs threaten bankruptcy exit
A spike in jet fuel to nearly $5 a gallon has upended the budget carrier's plan to emerge from its 2nd bankruptcy this summer
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Spirit Airlines could begin liquidation as early as this week, according to multiple reports, as a spike in jet fuel prices threatens to sink the budget carrier's plan to exit bankruptcy.
The airline declined to comment to CNBC on the reports. The Wall Street Journal also reported on a possible liquidation. "We don't comment on market rumors and speculation," Spirit said in a statement.
Argus data cited by CNBC shows the average price of jet fuel in New York, Houston, Chicago, and Los Angeles hit $4.88 a........