Spirit Airlines is preparing to cease operations after the beleaguered company ran out of cash and a rescue attempt by the Trump administration appeared to stall.

The company struggled to make a deal with its creditors and secure funding to maintain operations, according to a Wall Street Journal report citing people familiar with the matter.

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[–] 38 points 6 months ago

Spirit and other airlines have been struggling with high oil prices that have pushed up the price of jet fuel. The company’s woes predated the war in Iran, though, as the company has struggled to increase post-pandemic demand.

Well yeah, the population that would normally fly Spirit are now unable to afford flying at all.

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