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The jet fuel crisis was a straw that broke Spirit Airlines back, but other budget airlines

are also struggling to be profitable and losing market share, a potential warning for

cost-conscious travelers, aviation experts tell Forbes.

Low-cost carriers, including Allegiant, Frontier, JetBlue, Southwest, Spirit, and Sun Country,

combined for 35.5% of market share in February, down from 38.2% a year earlier, according to

CERium data. Spirit flew 1.7 million passengers in February, a 24% year-year drop per serum.

Spirit Airlines CEO Dave Davis, in an interview with the Wall Street Journal, stated that,

quote, everybody is burning cash, we just had a smaller pile to start with.

He added that other airlines, quote, are not that far behind us in the race, suggesting

that Spirit is not the only airline struggling financially.

Transportation Secretary Sean Duffy on Saturday told reporters he opposed the government

rescue for low-cost airlines, seeking $2.5 billion in relief from high jet fuel

prices, noting the carriers have access to cash, and calling the government, quote, a lender

of last resort. Jet fuel was $4.13 a gallon Friday on the Argus U.S. Jet Fuel Index,

up 65% since the U.S. and Israel launched

initial airstrikes against Iran more than nine weeks ago.

...