Spirit Airlines has grounded its fleet and begun winding down operations after talks over a $500 million rescue package from the Trump administration collapsed.

Air Canada is seeing no signs of demand degradation, following “multiple rounds” of fare and fee increases implemented to offset higher fuel costs.

The impact on airlines and potential shortages of jet fuel at some airports could continue for months after the Strait of Hormuz opens and the war in Iran ends.

The U.S. government has given Spirit Airlines a “final proposal” on a potential rescue package, President Donald Trump affirmed.

When costs rise, airlines protect their strongest routes, preserve aircraft utilization and cut their weakest links, which is where regional airports become exposed.

Turkish Airlines chairman Murat Şeker says that while the flag carrier has around 120 GTF-powered A320neo-family aircraft in its fleet, about 40 are grounded.

As it navigates the higher fuel environment, Allegiant Air sees opportunity to potentially accelerate some retirements of older Airbus A320 family aircraft.

Air Astana remains unsure of when it can launch its long-planned flights to the U.S. as the airline struggles with the availability of aircraft and airspace.