Spirit Airlines reached out to Trump administration for emergency bailout

Spirit Airlines has approached the Trump administration about an emergency bailout to keep the beleaguered discount carrier in business and avoid liquidation due to skyrocketing fuel prices, CBS News has learned.  “Spirit is looking for a lifeline,” a source familiar told CBS News. Some Spirit creditors have questioned the airline’s ongoing viability and are concerned … Read more

Airlines cut routes in response to rising jet fuel costs amid Iran war

Airlines are cutting routes this summer as they face rising jet fuel costs amid the Iran war.  Air Canada, Delta, and other airlines said Friday that certain routes will be impacted.  “The spike in oil prices is big news in general and the impact on jet fuel prices is pronounced,” Stephen Rooney, lead economist at Tourism … Read more

Spirit Airlines could be in trouble as Iran war spikes fuel prices

Spirit Airlines could be in trouble as Iran war spikes fuel prices – CBS News Watch CBS News Sources tell CBS News that Spirit Airlines’ creditors are concerned about the company’s ability to stay afloat amid rising jet fuel prices due to the Iran war. CBS News’ Kris Van Cleave reports. Source link

United CEO floated idea of United-American Airlines merger, sources say

United CEO Scott Kirby floated the idea to Trump administration officials of United merging with American Airlines, according to sources familiar with the situation.  That conversation with officials is surfacing now after Transportation Secretary Sean Duffy hinted the Trump administration was open to further consolidation in the aviation industry, but United would have a challenging … Read more

Southwest Airlines, once known for its free bags perk, hikes fees amid higher jet fuel costs

Southwest Airlines is raising checked baggage fees by $10, less than a year after ending its “bags fly free” perk that long set it apart, as jet fuel costs have jumped since the start of the Iran war. Customers checking one bag will pay $45 starting on Thursday, while a second will now cost $55, … Read more

American Airlines Flight 5342: The widowed wives left behind

When a commercial flight and an Army Black Hawk helicopter collided in January 2025, one tight-knit Maryland community was left grappling with profound loss. Among the victims onboard American Airlines Flight 5342 were seven friends returning home from a hunting trip, whose sudden deaths transformed their wives into widows. This week on 60 Minutes, correspondent … Read more