Spirit Airlines going from successful air transport innovator to running out of money and ceasing operations is a tale of being slammed by two governments.
Spirit Airlines has grounded its fleet and begun winding down operations after talks over a $500 million rescue package from the Trump administration collapsed.
A group of U.S. budget carriers is seeking $2.5 billion in government assistance to combat rapid increases in fuel costs spurred by the U.S. war with Iran.
As fuel costs spike and its reorganization plan weathers scrutiny, Spirit Airlines is again facing questions about its ability to emerge from Chapter 11 as a going concern.