Spirit Airlines winds down after years of losses, cancels all flights

TL;DR Summary
Spirit Airlines announced on May 2 that it is winding down operations due to ongoing financial struggles and a surge in fuel costs, leading to the immediate cancellation of all flights; refunds for card purchases will be auto-processed, while other refunds and credits will be handled through bankruptcy proceedings, and rebooking will be limited as other carriers are expected to be full; Free Spirit points are no longer redeemable and loyalty plans will be determined by the bankruptcy process, with further details to come via the claims agent Epiq and the airline’s restructuring site.
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