"Spirit Airlines has announced that all flights are cancelled and customer service is no longer available. Customers should not go to the airport."
"A company document indicates that Spirit's credit card processor has been holding up to $3 million a day since August in anticipation of a collapse."
"Refunds will be automatically processed for flights purchased through Spirit with a credit or debit card to the original form of payment."
"Spirit's collapse follows decades of operating bare-bones flights to leisure destinations, remaining profitable until the pandemic increased labor and operating costs."
Spirit Airlines has announced its immediate shutdown and cancellation of all flights after two bankruptcies and a failed federal bailout. Customers are advised not to go to the airport, and customer service is no longer available. Refunds for canceled flights may be possible as the airline's credit card processor has been holding funds. Spirit will automatically process refunds for credit or debit card purchases, while other refund methods will be determined later. The airline was previously profitable but faced rising costs post-COVID.
Read at www.businessinsider.com
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