Anonymousabout 4 hours ago
Spirit Airlines is preparing to cease operations after an 18-month bankruptcy saga and the collapse of a $500 million Trump administration rescue deal, blocked by senior bondholders who stood to recover more through liquidation. The shutdown threatens roughly 8,000 jobs, eliminates the nation's largest ultra-low-cost carrier, and raises fares on dozens of routes — an outcome that critics say was set in motion when federal regulators blocked Spirit's merger with JetBlue in 2024.