WSJ this morning...
The jet-fuel crisis is turning into a disaster for airlines.
Spirit’s demise is a silver lining for the airlines it competes with. Rivals will backfill some of the vacuum Spirit’s absence leaves behind—JetBlue immediately announced 11 new destinations from Fort Lauderdale, Fla. Analysts have said that Spirit’s closure will take unprofitable flying out of the market, giving the remaining airlines more pricing power.