Spirit Airlines Ceases Operations; Largest U.S. Airline Bankruptcy in 25 Years Displaces 17,000

Spirit Airlines halted all operations on May 3, entering liquidation—the largest U.S. airline bankruptcy in 25 years. The shutdown displaced 17,000 workers. A fleet of 114 Airbus A320-family aircraft (66 leased, 28 owned) dispersed across facilities. Key aircraft remained at Boston Logan and other hubs, with asset disposition accelerating this week.