Spirit Airlines is the first airline to die from the Hormuz crisis. Jet fuel went from 2.24 a gallon to 4.51 since February. Fares jumped 23 percent the day they left.

17000 employees. And CBS found that fares jumped 23 percent on every route Spirit used to fly the day they left. The strait most Americans cant find on a map just made their summer flights 60 bucks more expensive. And Spirit wont be the last. Every ultra low cost carrier runs the same math. When fuel doubles your model breaks. The next question isnt which airline folds next. Its what happens when the budget travel option disappears and 30 million annual passengers have nowhere to go but the premium carriers charging whatever they want.