Company had struggled to increase post-pandemic demand before war in Iran pushed up jet fuel costs
Spirit Airlines is preparing to cease operations after the beleaguered company ran out of cash and a rescue attempt by the Trump administration appeared to stall.
The company struggled to make a deal with its creditors and secure funding to maintain operations, according to a Wall Street Journal report citing people familiar with the matter.
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This article was originally published by The Guardian and written by Lauren Aratani in New York.
Read original article on The Guardian