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Spirit Airlines CEO Explains Carrier's Sudden Collapse: 'We Ran Out of Runway'

Discount airline shuts down operations after high fuel prices from Iran war make business model unsustainable, leaving thousands stranded.

Spirit Airlines CEO Explains Carrier's Sudden Collapse: 'We Ran Out of Runway'
Read the full reporting at CNBC Markets.

Originally reported by CNBC Markets.

Spirit Airlines airline bankruptcy fuel prices Iran war aviation industry budget carriers