Acton vs. Ramaswamy: Ohio Governor Race

0:00On May 2nd, Spirit Airlines just called it quits after 34 years of shaking up the skies with those rock bottom fairs. They drop the news on their site, Saturday, cancelling every flight, and shutting down customer service for good. Folk with tickets can expect refunds, but no handholding to book elsewhere. The carrier has been in a rough spot since the COVID pandemic hit, burning through more than $2.5 billion in losses since early 20. 20. A file for bankruptcy protection twice first in November 2024, then again in August 2025, with $8.1 billion. In debt hanging over $8.6 billion in assets, unions for pilots, flight attendants, and ground crew push hard for a rescue, warning that a shutdown would act thousands of jobs and crimp. Competition, driving up ticket prices for everyone, budget travel is going to miss them most in hubs like Las Vegas, Fort Lauderdale, and Orlando, where cheap getaways were the name of the game.

1:00The Trump team floated a taxpayer bailout last week amidst soaring jet fuel from the Iran conflict, even hitting the budget carrier with a final, proposal Friday. But no deal materialized, despite the cash crunch. Transportation Secretary Sean Duffy stepped in to say other airlines are offering special fairs for stranded passengers and helping spirits crew get. Back home. With one less player in the low-cost game, the skies feel a bit tighter already. This has been U.S. News Today, powered by AI, I'm Corey, with the story.