Economy
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Spirit Airlines prepares to cease operations amid financial struggles and high oil prices
Spirit Airlines, known for its bright yellow planes, announced in the wee hours on Saturday that it was "winding down its global operations, effective immediately," with all flights canceled and customer service no longer available.After its last-minute talks with creditors and the White House collapsed, the low-cost carrier succumbed to crushing fuel prices. The overnight shutdown of Spirit Airlines left thousands of passengers and hundreds of crew members stranded."The recent material increase in oil prices and other pressures on the business have significantly impacted Spirit's financial outlook," read a statement...
