US budget carrier Spirit Airlines shuts down after talks for a government bailout failed.
Bankrupt discount carrier Spirit Airlines ceased operations on Saturday, the industry’s first casualty linked to the Iran war, after failing to secure creditor support for a US government bailout plan. The collapse of the carrier following a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs. It is a blow to US President Donald Trump, who had proposed US$500 million to save Spirit despite opposition from some of his closest advisers and many Republicans in...
The collapse of the US-based budget carrier due to a doubling in jet fuel prices will cost thousands of jobs.
The airline had been in talks with the Trump administration about a $500m bailout.