US-carrier Spirit Airlines halts operations, makes final landing

The US-carrier Spirit Airlines, known for its budget-friendly fares, has announced that it is ceasing operations effective immediately due to mounting financial difficulties and rising fuel prices amid the conflict in West Asia. The airline confirmed that all flights have been cancelled, and customer service is no longer available. Spirit Airlines announced it would issue refunds to all customers with existing tickets, advising them to rebook travel through other carriers. 
Spirit’s sudden shutdown has sent shockwaves through the aviation industry in the US and left thousands of passengers stranded. The airline, which has long prided itself on offering low-cost airfares for travellers, was a major player in the US airline market.
Spirit, which has struggled to maintain consistent profitability since the Covid-19 pandemic, had been looking to emerge from its second bankruptcy in less than a year. But those plans were derailed amid soaring jet fuel costs sparked by the outbreak of the war with Iran.In a statement, Spirit President and CEO Dave Davis said: “Sustaining the business required hundreds of millions of additional dollars of liquidity that Spirit simply does not have and could not procure.”