Spirit Airlines ceases operations after fuel costs soar. The low-cost carrier announced an immediate shutdown early Saturday following failed negotiations with creditors and the White House. CEO Dave Davis cited crushing fuel prices and geopolitical pressures as primary factors, stating the airline needed liquidity it could not secure. Spirit, which had been navigating bankruptcy since 2024, carried over 28 million passengers annually. The company executed an orderly wind-down by canceling late-evening flights Friday and red-eyes to ground aircraft before the announcement. Thousands of passengers were stranded as customer service became unavailable. The White House had considered a 500 million dollar bailout that ultimately did not materialize. Passengers who used credit cards will receive automatic refunds.
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