Bankrupt discount carrier Spirit Airlines shuts down, blames fuel cost from Iran war
Budget carrier Spirit Airlines ceased operations on Saturday after failing to secure creditor support for a U.S. government bailout plan. The airline's collapse is the industry's first casualty linked to the U.S.-Israeli war on Iran and a blow to U.S. President Donald Trump, who had proposed $500 million US to save Spirit.
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The transportation secretary said he doesn't think the government needs to bail out low-cost airlines struggling amid high jet fuel prices.
