Spirit Airlines, known for its low-cost travel model in the United States, unexpectedly ceased operations on Saturday, stranding thousands of passengers. This event marks the first major airline collapse in 25 years due to financial insolvency, primarily driven by skyrocketing jet fuel prices linked to the ongoing conflict in Iran. The airline had recently emerged from bankruptcy but could not withstand the financial strain caused by the war, which disrupted oil supplies and led to fuel prices soaring from around $85 to $200 per barrel. As a result, Spirit Airlines canceled all flights, halted customer service, and instructed customers to seek alternative travel arrangements. The shutdown affects approximately 15,000 employees and contractors. Despite efforts to secure a $500 million bailout from the US government, discussions fell through, leading to the airline's immediate wind-down. In response to the crisis, other airlines have offered 'rescue fares' to assist stranded passengers. Meanwhile, a viral crowdfunding campaign has garnered nearly $23 million in pledges to potentially buy Spirit Airlines, reflecting public interest in preserving the airline's legacy.