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Spirit Airlines

Spirit Airlines

Commercial Airline (Ultra-Low-Cost Carrier)

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Spirit Airlines ceases operations after federal rescue package fails

Money Moves

Ceased operations May 2, 2026

Roughly 1.8 million Spirit Airlines passengers woke up on May 2, 2026 to find their tickets worthless. At 3:00 a.m. Eastern Time, the eighth-largest US carrier shut down for good, told customers to stay home from the airport, and laid off about 17,000 employees and contractors. The trigger was a creditor group that walked away from a $500 million rescue package the Trump administration had been brokering.

Updated 2 hours ago