James Stout

This is happening to airlines across the world.

It's particularly intense in South and East Asia right now, where a huge number of their airlines are operating in this kind of like, they call it like emergency management, where they've like significantly reduced the amount of flights that they're doing.

The cases like Korean Air, their routes from, you know, for example, like Seoul to New York are like, are operating on 200% price increases.

This has been going on for a while.

Spirit is the first big American one to just go out completely.

There are reports that Trump personally really wanted to save Spirit Airlines for kind of weird personal reasons.

Yeah, I can see that.

Yeah.

But I mean, Spirit also, a part of like why it has fallen apart is that it's been a victim of its own success.

We should financialize every single aspect of the of the airline of the flying process that we can.

And as a result, like they stopped being particularly cheap and they stopped being.

working any different from any of the other airlines so there was not really much of a reason to go with spirit as opposed to any of the slightly nicer airlines anymore you know like the so i mean i i'm not surprised that they are falling definitely like the fuel strike is what has has been the death blow to them but they've been they've been in trouble for a little while

Yeah, and because we've known that they've been in trouble, the Trump administration negotiations, apparently the stumbling block was that the U.S.

plan was to give them like $500 million, but it would involve buying most of their stock.

And the rest of the airline industry was like, absolutely not.

We're not doing a bailout for just one company instead of an industry-wide one.

And so they started putting pressure.

And then Trump was apparently looking at, like, using the Defense Production Act for this.

But the Department of Defense finally found a Defense Production Act thing that Trump wants to do that they were like, absolutely not.

Like, we are simply not doing national security.