Spirit Airlines has ceased operations, citing a surge in jet fuel prices as the primary reason for its bankruptcy. The airline's attempt to secure a $500 million bailout failed, leading to immediate flight cancellations and a request for court approval to sell assets and pay retention bonuses to remaining employees.

• 01Spirit Airlines has halted operations due to unsustainable jet fuel prices.
• 02A proposed $500 million bailout from the Trump administration was blocked by creditor objections.
• 03The airline is seeking court approval for $10.7 million in employee retention bonuses.
• 04Customers booking directly will receive automatic refunds, while those using third-party vendors must contact them for refunds.
• 05The airline's bankruptcy process will handle claims from travelers who used vouchers or loyalty points.

The shutdown of Spirit Airlines affects thousands of travelers and employees, leading to refund processes and uncertainty for those with travel credits.