Spirit Airlines Shuts Down Amid High Jet Fuel Prices
Spirit Airlines shut down as high fuel prices and a failed bailout left the carrier with no alternative. It now seeks approval for the expedited asset sale.
Xurve View
Xurve View
Spirit Airlines will shut down operations after high jet fuel prices and the collapse of a federal bailout plan left the carrier with no path out of bankruptcy. The defunct budget airline is now seeking court approval for an expedited asset sale and employee retention bonuses. This total liquidation marks the end of a major low-cost competitor in the United States aviation market.
