Trump administration

Spirit Airlines ceases all operations after $500 million bailout fails

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The $500 Million Deadlock

Spirit Airlines has ceased all operations after a final attempt at a government bailout collapsed. The carrier has cancelled all flights and disabled its booking system, and is now entering a bankruptcy process following a failed agreement between the Trump administration and the airline’s bondholders. The booking interface on the Spirit Airlines website has been … Read more

Spirit Airlines faces collapse Saturday after failing to secure $500 million lifeline

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A failed $500 million lifeline

Spirit Airlines faces a potential collapse as early as 3 a.m. ET Saturday after failing to secure a $500 million financial lifeline. While credit card holders have a path to refunds, those who paid via debit or loyalty points face a high risk of total loss. The clock is ticking toward 3 a.m. ET Saturday, … Read more