{"id":1390363,"date":"2026-05-06T10:28:16","date_gmt":"2026-05-06T07:28:16","guid":{"rendered":"https:\/\/prm.ua\/the-collapse-of-the-airline-giant-spirit-the-world-was-on-the-verge-of-a-global-catastrophe\/"},"modified":"2026-05-06T10:28:16","modified_gmt":"2026-05-06T07:28:16","slug":"the-collapse-of-the-airline-giant-spirit-the-world-was-on-the-verge-of-a-global-catastrophe","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-collapse-of-the-airline-giant-spirit-the-world-was-on-the-verge-of-a-global-catastrophe\/","title":{"rendered":"The collapse of the airline giant Spirit: the world was on the verge of a global catastrophe"},"content":{"rendered":"<p><strong>The bankruptcy of the famous American budget airline Spirit was a wake-up call for the entire global economy. The company, which had been following a policy of low prices for years, was unable to adapt to new market conditions when the price of oil reached $114\u2013118 per barrel.<\/strong><\/p>\n<p> Manhattan University professor Igor Eisenberg, on the air of &#8220;Pryamoy&#8221; <a href=\"https:\/\/www.youtube.com\/watch?v=-ZvoFJWIMFc\" rel=\"nofollow noopener\" target=\"_blank\">, linked<\/a> the carrier&#8217;s financial decline to a sharp jump in the cost of aviation fuel.<\/p>\n<p> &#8220;It went bankrupt, and it&#8217;s one of the largest American budget airlines that flies all over the country. That&#8217;s it, it stopped operating simply because it couldn&#8217;t withstand the sharp increase in aviation fuel prices and adhere to its policy of low airfares,&#8221; Eisenberg emphasized.<\/p>\n<p> According to the professor, this is just the &#8220;first swallow&#8221; of future economic shocks &#8211; the high cost of energy sources triggers a dangerous circle: logistics, production, and all consumer goods become more expensive.<\/p>\n<p> https:\/\/www.youtube.com\/watch?v=-ZvoFJWIMFc&#038;t=333s<\/p>\n\t\t<aside class=\"shortcode-also\" data-title=\"Read also\" >\n\t\t<a href=\"https:\/\/prm.ua\/en\/the-world-is-flying-into-the-abyss-will-there-be-a-major-global-crisis\/\">\u201cThe world is flying into the abyss\u201d: will there be a major global crisis?<\/a>\n\t<\/aside>\n\n<p> The world has found itself in an energy deficit similar to the crisis of the early 1970s. A way out of this situation will require a long time and stabilization of the situation in the Middle East, which currently looks unlikely, &#8211; added Igor Aizenberg.<\/p>\n<p> As a reminder, the American budget airline Spirit Airlines <a href=\"https:\/\/cfts.org.ua\/news\/2026\/05\/04\/amerikanska_spirit_airlines_ogolosila_pro_pripinennya_vsikh_reysiv_86650\" rel=\"nofollow noopener\" target=\"_blank\">announced<\/a> the suspension of all flights. According to the CTS, the decision was made after negotiations with the US government regarding financial support ended in nothing. Thus ended the more than 30-year journey of the pioneer of the low-cost transportation model.<\/p>\n<p> Meanwhile, <a href=\"https:\/\/prm.ua\/reysy-v-yevropi-mozhut-skorotyty-cherez-defitsyt-palnoho-detali\/\">Europe could face flight cancellations<\/a> as early as the end of May due to a possible jet fuel shortage. According to CNN, more than 300 airlines have appealed to governments to prepare a plan in advance in case of fuel supply restrictions.<\/p>\n<p> Previously, the heads of the International Monetary Fund, the World Bank Group, and the World Food Program stated that rising prices for oil, gas, and fertilizers, as well as transportation bottlenecks, would inevitably lead to <a href=\"https:\/\/prm.ua\/svitu-zahrozhuie-nova-prodovolcha-kryza-cherez-viynu-na-blyzkomu-skhodi\/\">a sharp jump in food prices<\/a> and a lack of food security.<\/p>\n<p> In addition, in the US, during an energy conference in Houston, executives of leading oil and gas companies said that the market does not reflect the true scale of supply disruptions due to the war with Iran. According to their estimates, <a href=\"https:\/\/prm.ua\/naftova-kryza-hlybsha-nizh-pokazuiut-tsiny-eksperty-rozpovily-pro-realni-masshtaby-pereboiv-postachannia\/\">the consequences of the crisis will be long-lasting<\/a> , and prices are unlikely to return to pre-war levels in the near future.<\/p>\n<p> Also follow <strong>\u201cPryamim\u201d<\/strong> on <a href=\"https:\/\/www.facebook.com\/pryamiy\/\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a> , <a href=\"https:\/\/x.com\/prm_ua\" target=\"_blank\" rel=\"nofollow noopener\">X<\/a> , <a href=\"https:\/\/t.me\/+rtV4dxYu2_cyNjVi\" target=\"_blank\" rel=\"noopener nofollow\">Telegram<\/a> , and <a href=\"https:\/\/www.instagram.com\/pryamiy\/\" target=\"_blank\" rel=\"nofollow noopener\">Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bankruptcy of the famous American budget airline Spirit was a wake-up call for the entire global economy. The company, which had been following a policy of low prices for years, was unable to adapt to new market conditions when the price of oil reached $114\u2013118 per barrel. Manhattan University professor Igor Eisenberg, on the [&hellip;]<\/p>\n","protected":false},"author":57,"featured_media":1390357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76870,76871,76872],"class_list":["post-1390363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-news-2","category-news-feed"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1390363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1390363"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1390363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1390357"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1390363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1390363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}