https://www.taxtmi.com/news?id=72627 Spirit Airlines announced an immediate orderly wind-down of operations, cancelling all flights and ending customer service. The shutdown followed the failure to secure a government bailout amid severe financial distress, including repeated bankruptcy proceedings, heavy debt, rising operating costs and higher jet fuel prices. The company said customers could expect refunds, while about 17,000 jobs and competition in the budget airline market could be affected. en-us Sat, 02 May 2026 12:31:04 +0530 Sat, 02 May 2026 12:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72627 Spirit Airlines announced an immediate orderly wind-down of operations, cancelling all flights and ending customer service. The shutdown followed the failure to secure a government bailout amid severe financial distress, including repeated bankruptcy proceedings, heavy debt, rising operating costs and higher jet fuel prices. The company said customers could expect refunds, while about 17,000 jobs and competition in the budget airline market could be affected. News - Sat, 02 May 2026 12:31:04 +0530 https://www.taxtmi.com/news?id=72627