00:00Spirit Airlines has ceased operations, bringing an abrupt end to one of the most recognizable
00:05ultra-low-cost carriers in the United States. The shutdown follows prolonged financial strain
00:12and failed efforts to secure new funding. Thousands of employees are now out of work
00:17as the airline begins winding down its business. Travelers have been left scrambling with refunds
00:23offered but no replacement flights arranged. The collapse is expected to reduce low-cost
00:29travel options and could lead to higher ticket prices across the industry.
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