More airlines could follow Spirit into bankruptcy due to the Iran war fuel crisis, Ryanair exec says

Spirit Airlines ceased operations earlier this month, citing increasing fuel prices. Rebecca Noble/Getty Images Ryanair's CFO warned that more airlines could go bankrupt due to rising fuel costs. He told CNBC the airline has plans for an "Armageddon situation" but doesn't expect that to pass. Spirit Airlines ceased operations earlier in May citing rising fuel costs as a major issue. Surging jet fuel prices could mean some airlines going out of business, according to the chief financial offi...