Spirit Airlines lawyer says jet fuel price surge left carrier with 'no remaining way out' of bankruptcy

A lawyer for Spirit Airlines said Tuesday that the surge in jet fuel prices left the company with "no remaining way out" of bankruptcy and caused it to cease operations last weekend, while it seeks permission to sell assets on an ongoing basis and pay bonuses to remaining employees.

Marshall Huebner, a lawyer representing the airline, said at a bankruptcy court hearing that Spirit learned last Thursday that a proposed $500 million bailout from the Trump administration wouldn't proceed due...