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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[–] 10 points 6 months ago

We are #1 at razor thin margins that implode instantly when literally anything somewhat serious goes wrong.

Usually also via leveraged debt keeping all the financial gears turning.

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