New York Times
• Niraj Chokshi
Spirit Airlines shuts down after 34 years as its second bankruptcy in two years ends the ultra-low-cost disruptor
Spirit Airlines has ceased operations after 34 years, bringing an end to its long-running ultra-low-cost disruptor strategy. The collapse follows a second bankruptcy in two years and reflects years of financial struggle—shifting what had been a low-fare capacity engine into a liquidation-and-relief narrative across the U.S. market.
