Spirit Airlines shutters, begins wind-down as refunds near completion

1 min read
Source: The Guardian
Spirit Airlines shutters, begins wind-down as refunds near completion
Photo: The Guardian
TL;DR

Spirit Airlines has begun an orderly wind-down after years of losses and a spike in oil prices, with refunds to customers nearly finished; the carrier, which had scheduled thousands of flights through mid-May, has no funding and failed restructuring efforts. Critics tied the collapse to the blocked Spirit–JetBlue merger, while supporters argued the broader cost pressures contributed to the decision.

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