Spirit Airlines begins ‘wind-down’, cancels all flights over fuel crisis

The collapse of the US-based budget carrier due to a doubling in jet fuel prices will cost thousands of jobs.Low-cost US carrier Spirit Airlines has said that all of its flights have been cancelled as it started an “orderly wind-down of operations,” after a potential White House bailout fell through.“Spirit Aviation Holdings, Inc., parent company of Spirit Airlines … today regretfully announced that the Company has started an orderly wind-down of operations, effective immediately. All Spirit flights have been cancelled, and Spirit Guests should not go to the airport,” the airline said in a statement in the early hours of Saturday.Recommended Stories list of 4 itemslist 1 of 4Lufthansa cuts 20,000 flights as Iran war causes jet fuel shortagelist 2 of 4EU eyes options as Iran conflict threatens jet fuel shortageslist 3 of 4Commercial flights from Tehran’s main airport resume amid cautious normalcylist 4 of 4Jet fuel shortage: Why Iran war could ground flights in Europeend of listSpirit had 4,119 domestic flights scheduled between May 1 and May 15, offering 809,638 seats, according to the latest data from Cirium.The collapse of the carrier due to a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of