Spirit Airlines may shut down after US government bailout falls through

Spirit Airlines is reportedly preparing to cease operations after a proposed $500 million bailout from the US government failed. The airline, known for its ultralow-cost flights, had sought a rescue deal involving a government stake, but the plan faced criticism and did not materialize. This development highlights the financial struggles in the airline industry, exacerbated by rising jet-fuel prices. The potential shutdown marks a significant challenge for Spirit as it tries to survive in a tough market environment.