Spirit Airlines on the Brink: Bailout Collapse Could Trigger Shutdown and Massive Job Losses

Spirit Airlines could cease operations after reports that bailout negotiations collapsed with bondholders and the U.S. government; at its Fort Lauderdale and Dania Beach bases, flyers and employees fear disruption and thousands of jobs, while passengers may be protected on refunds/credits if they paid by credit card. If Spirit exits, fares could rise due to less competition, and nearly 20,000 Spirit employees could lose their livelihoods unless a rescue is secured, according to unions and industry analysis.