She stated that without the fuel scenario, Spirit would have been okay through the summer, though beyond that it was still precarious.
Other casualties included UK-based Ecojet, an electric-flight startup that entered voluntary liquidation under Opus Restructuring in February 2026 before starting its inaugural Edinburgh to Southampton route.
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In Asia, Royal Air Philippines collapsed into administration after cancelling approximately 4,000 flights between January and March 2026.
India's Dove Airlines entered voluntary liquidation in January after its final aircraft was seized by creditors.
Before its website went offline, Royal Air Philippines posted a message regarding ongoing operations.
It stated it was working on providing refunds and hoped to resume flights at an unspecified date in the future.
The company thanked customers for their patience and understanding.
The broader industry faces severe operational constraints due to the fuel crunch.
Air Canada announced the suspension of its summer services from Toronto and Montreal to New York's JFK International Airport from June 1 until October 25, 2026, to mitigate costs.
An official representative for Air Canada detailed the economic pressures behind the route changes.
As jet fuel prices have doubled since the start of the Iran conflict and some lower profitability routes are no longer economic, the airline is making schedule adjustments accordingly.
Major carriers like Delta Air anticipated an additional $2 billion in second-quarter fuel expenses. Companies like JetBlue and United Airlines increased baggage fees to offset the losses.
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International Energy Agency director Fatih Birol warned that Europe holds minimal jet fuel supplies as the global economy navigates this energy crisis.
