Spirit Airlines ceases operations, becomes first major US carrier to liquidate in decades
AI summaryUltra-low-cost carrier Spirit Airlines has shut down all operations, canceling all flights and closing customer service. The company had sought a government bailout, with President Donald Trump proposing $500 million, but failed to secure creditor support. The collapse, attributed to rising jet fuel costs amid the Iran war, is expected to cost thousands of jobs and marks the first liquidation of a major US carrier in two decades.