Avelo Airlines Is Exploding In Popularity, As Spirit Airlines Ceases Operations After Failed Bailout Talks

By L Todd Wood

Spirit Airlines shut down all operations early Saturday after failing to secure a last-minute bailout from the Trump administration, bringing a sudden close to the ultra-low-cost carrier that helped democratize air travel in the United States for more than three decades.

The airline, known for its bright yellow aircraft, rock-bottom fares, and extensive ancillary fees, canceled all remaining flights effective immediately. A message displayed in the Spirit app informed customers: “We regret to inform you that all Spirit Airlines flights have been canceled, effective immediately.”

The shutdown follows the carrier’s second bankruptcy filing in less than a year and comes after bondholders and the government could not reach agreement on a rescue package. Spirit had been racing against dwindling cash reserves, with its lawyer warning a bankruptcy court as recently as April 23 that the airline’s liquidity would not last much longer, reported CNBC…

READ FULL ARTICLE HERE…  (themanhattan.press)

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