Budget Carrier Spirit Airlines Halts Operations After Rescue Talks Fail

Spirit Airlines has announced an immediate, orderly wind-down of all flights after negotiations with the US government collapsed. The carrier will automatically refund tickets purchased by credit or debit card. Passengers who booked through agents must contact their agent directly. Voucher and points refunds will be handled later by the bankruptcy court. The airline cannot reimburse related costs like hotels or replacement flights. Analysts say spiralling jet fuel prices following the US-Israel conflict dealt the final blow. Fuel costs, now up by nearly 100%, had already put Spirit under pressure during its second bankruptcy cycle this year. A proposed government takeover of up to 90% of the airline faced stiff opposition and ultimately fell through, leaving Spirit unable to continue past this weekend.

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