Spirit Airlines ceases operations after 34 years amid financial struggles and high oil prices

Company had struggled to increase post-pandemic demand before war in Iran pushed up jet fuel costs

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Spirit Airlines has announced that it has gone out of business after the low-cost airline ran out of cash and a rescue attempt by the Trump administration appeared to stall.

The airline that once operated hundreds of daily flights on its bright yellow planes and employed about 17,000 people said that after 34 years it had “started an orderly wind-down of our operations, effective immediately”.