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  • 15 hours ago
Spirit Airlines nearly completed passenger refunds after abruptly ceasing operations, following financial pressure, bankruptcy issues, and rising fuel costs.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Spirit Airlines said,
00:04Sunday it had nearly completed passenger refunds and
00:07returned crew to base after ceasing operations over the weekend, according to Reuters.
00:12The airline canceled flights early Saturday,
00:16stranding passengers across the U.S., Caribbean, and Latin America after financial pressure
00:20and rising fuel costs tied to the Iran War.
00:24The carrier had more than 4,000 domestic flights scheduled through May 15.
00:28Most refunds for credit and debit bookings were processed by Saturday evening,
00:33while Spirit said refunds may take time to appear.
00:36The airline filed for bankruptcy twice after a blocked JetBlue merger.
00:41Other carriers introduced discount fares and added routes for stranded passengers.
00:46About 1,500 crew were rebased.
00:49For all things money, visit Benzinga.com.
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