Spirit Airlines abruptly halts operations, canceling all flights and stranding thousands. The shutdown is expected to drive up airfares on former Spirit routes amid industry-wide price pressures. Several airlines offer rescue fares to assist affected passengers.
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Spirit Airlines may shut down as soon as Saturday after bailout talks stall. The Trump administration offered a $500 million aid package, but opposition from bondholders and officials has left the airline facing liquidation amid soaring fuel costs.