Spirit Airlines prepares to cease operations amid financial struggles and high oil prices

Edward Helmore and Lauren Aratani in New York and agencyGuardian - WorldUpdated May 2, 2026, 4:06 PM

Company had struggled to increase post-pandemic demand before war in Iran pushed up jet fuel costs Sign up for the Breaking News US email to get newsletter alerts in your inbox Spirit Airlines is preparing to cease operations after the beleaguered company ran out of cash and a rescue attempt by the Trump administration appeared to stall. The company struggled to make a deal with its creditors and secure funding to maintain operations, according to a Wall Street Journal report citing people famil

Several US airlines have agreed to cap ticket prices for Spirit customers who need to rebook canceled flights

The US secretary of transportation, Sean Duffy, has announced a series of measures to help Spirit Airlines passengers following the low-cost airline’s collapse early on Saturday after running out of cash and the failure of rescue talks with the Trump administration.

Duffy said that larger US airlines, including United, Delta, JetBlue and Southwest, had agreed to cap ticket prices specifically for Spirit customers who need to rebook canceled flights, subject to a Spirit flight confirmation number and proof of payment.

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