Trump Official Criticizes Spirit Airlines For Saying Iran War Drove Up Fuel Prices
HuffPost • • business
Key Points:
- White House economic adviser Kevin Hassett criticized Spirit Airlines for blaming high fuel prices, attributed to President Trump's Iran policy, for its shutdown, highlighting the airline's prior financial instability and failed business model.
- Hassett noted that other airlines managed soaring jet fuel costs better by hedging purchases, maintaining overall industry health despite short-term profit impacts.
- He also blamed the Biden administration for canceling the JetBlue-Spirit merger, which he said left Spirit vulnerable to liquidation by creditors.
- Transportation Secretary Sean Duffy confirmed Spirit's financial troubles predated the Iran conflict and praised Trump’s efforts to save the airline, though ultimately unsuccessful.
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