Spirit Airlines shuts down, crushed by price of Iran war jet fuel

Spirit Airlines will shut down and liquidate its holdings. With 17,000 employees, it was unable to bear the soaring cost of jet fuel during the Iran war.

Spirit Airlines is shutting down with immediate effect in a move that will affect thousands of scheduled flights and nearly as many employees.

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The troubled budget carrier canceled all flights and announced an “orderly wind-down” of operations early Saturday.

“To our Guests: all flights have been cancelled, and customer service is no longer available,” the company said in a statement.