Spirit Airlines nears shutdown after bailout talks collapse over fuel shocks and investor demands

Bailout terms unraveled between bondholders and government

Spirit Airlines is reportedly close to ceasing operations after bailout negotiations with bondholders and the U.S. government fell apart. Disputes over financing terms stalled any rescue, while jet fuel prices surged following the war in Iran. The discount carrier’s recovery plan has struggled under mounting costs and unresolved talks, raising fears of an imminent shutdown.