Spirit Airlines prepares to shut down as Trump's rescue deal falls apart

Spirit Airlines is preparing to cease operations after a last-ditch rescue effort reportedly collapsed, leaving the struggling budget carrier on the brink of collapse. The ailing airline had been hoping to secure a $500 million lifeline from the government to keep it afloat, but talks have failed to produce a deal. People familiar with the matter told the Wall Street Journal that Spirit has been unable to win sufficient backing from key bondholders and government officials, raising serious doubts over its ability to continue operating. Discussions had taken place with the Trump administration over a potential bailout package that would...