Spirit Airlines may cease operations as rescue deal collapses

Anabelle Colaco
03 May 2026, 21:44 GMT+10

Bankrupt discount carrier Spirit Airlines is preparing to cease operations after failing to reach an agreement with certain bondholders and the U.S. government on a bailout plan
Spirit Airlines and the White House did not immediately respond to requests for comment
A rescue hearing scheduled for April 30 did not take place after talks over the terms of a potential US$500 million U.S. government bailout reached an impasse

WASHINGTON, D.C.: Bankrupt discount carrier Spirit Airlines is preparing to cease operations after failing to reach an agreement with certain bondholders and the U.S. government on a bailout plan, The Wall Street Journal has reported, citing people familiar with the matter.

Spirit Airlines and the White House did not immediately respond to requests for comment.

A rescue hearing scheduled for April 30 did not take place after talks over the terms of a potential US$500 million U.S. government bailout reached an impasse.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.

More Information

Business

Section

Spirit Airlines may cease operations as rescue deal collapses

WASHINGTON, D.C.: Bankrupt discount carrier Spirit Airlines is preparing to cease operations after failing to reach an agreement with...

Apple beats forecasts, eyes AI push and leadership change

CUPERTINO, California: Apple reported better-than-expected quarterly earnings on May 1, driven by strong iPhone sales, as investors...

US to hike tariffs on EU cars and trucks to 25%, Trump says

WASHINGTON, D.C.: U.S. President Donald Trump said on May 1 that he plans to raise tariffs on cars and trucks imported from the European...

Unilever plans small, frequent price hikes amid rising costs

LONDON, U.K.: Unilever is preparing to introduce gradual price increases across parts of its business as rising costs linked to the...

Buffett steps back as Greg Abel leads Berkshire meeting

OMAHA, Nebraska: Berkshire Hathaway's annual shareholder gathering will look much the same this year, but for the first time in decades,...

Rising fuel costs push US inflation to three-year high

WASHINGTON, D.C.: A sharp rise in fuel costs pushed a key U.S. inflation measure to its highest level in nearly three years in March,...

Sectors - Broadcasting

Section