Spirit’s Shutdown Is Making Airfare Pain Even Worse

Fuel costs surge, travel companies absorb billions in Iran war losses, and hotel CEOs debate whether the economy is finally catching up to luxury travel. On today’s Skift Daily Briefing, Sarah Dandashy breaks down why airfares are climbing even faster after Spirit Airlines’ shutdown, how the Iran war is reshaping profit forecasts across airlines, cruises, hotels, and short-term rentals, and why hotel executives suddenly can’t stop describing the economy with letters of the alphabet. This episode is presented by Lodgify! Articles Referenced: Honorable Mention: @AskAConcierge on IGHigher Fuel Costs and Spirit’s End Mean Higher AirfaresIran War Costs Have Hit Travel’s Profit ForecastsThe Hotel Industry CEOs Can’t Decide What Letter the Economy Is Connect with Skift LinkedIn: https://www.linkedin.com/company/skift/ WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/ Facebook: https://facebook.com/skiftnews Instagram: https://www.instagram.com/skiftnews/ Threads: https://www.threads.net/@skiftnews Bluesky: https://bsky.app/profile/skiftnews.bsky.social X: https://twitter.com/skift Subscribe to @SkiftNews and never miss an update from the travel industry.