A shocking development overnight, ultra low cost carrier, Spirit Airlines, has completely shut down. Its website tells customers not to go to the airport, its customer service is shuttered and 17 thousand employees are waking up with no job. The airline said rising fuel costs were the final nail in its coffin, and despite an 11th hour possible bailout deal with President Trump, the airline said it had no choice but to “begin this wind-down.” The fear now, most experts believe this will lead to higher ticket prices across all airlines, without low fare competition from Spirit.
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