Spirit Airlines collapse may push up airfare

What happened

Pioneering no-frills budget carrier Spirit Airlines ceased operations on Saturday, citing sharply higher fuel prices and the collapse of a $500 million Trump administration bailout. “This is tremendously disappointing and not the outcome any of us wanted.” Spirit CEO Dave Davis said in a statement.

Who said what

The “proudly penny-pinching” airline had capped its “final, mad-dash scramble to save money” with tentative deals to emerge from bankruptcy, unveiled four days before the Iran war started...