Spirit Airlines ends operations, sector’s 1st Iran war casualty

Low-cost U.S. carrier Spirit Airlines ceased operations on Saturday, marking the industry’s first casualty linked to the U.S.-Israeli war on Iran, after a potential White House bailout fell through. The collapse of the first carrier due to a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs. It is a blow to President Donald Trump, who had proposed $500 million to save Spirit despite opposition from some of his closest advisers and many Republicans in Congress.