Spirit Airlines Grounds All Flights, Prepares to Shut Down Operations

Spirit Airlines, a major American low-cost carrier, announced on May 2 that it would cancel all flights and wind down operations. The airline had been struggling financially and cited surging fuel prices amid Middle East tensions as a critical blow. Despite efforts to restructure, skyrocketing crude oil costs and intensified competition made recovery impossible. Passengers were advised to seek refunds or rebook with other carriers.