Spirit Airlines Ceases Operations Effective Saturday
Spirit Airlines will reportedly cease all flights at 3 am ET Saturday, marking the first significant US airline shutdown in nearly 25 years. Soaring jet fuel prices ultimately derailed the airline’s recovery plans after its second bankruptcy filing. The halt in operations will impact millions of passengers and 17,000 employees, and is expected to drive up airfares nationwide. Despite advanced discussions for a rescue package, disagreements with creditors and a lack of a final government agreement led to this decision.
John Q. Hosedrinker