Bankrupt discount airline Spirit Airlines has ceased operations, becoming the first industry casualty linked to the Iran war. The collapse, attributed to doubled jet fuel prices during the conflict, will result in thousands of job losses. This closure impacts US President Donald Trump's administration, which had proposed a US$500 million bailout plan.

Bankrupt discount carrier Spirit Airlines ceased operations on Saturday, the industry’s first casualty linked to the Iran war, after failing to secure creditor support for a US government bailout plan. The collapse of the carrier following a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs. It is a blow to US President Donald Trump, who had proposed US$500 million to save Spirit despite opposition from some of his closest advisers and many Republicans in....