Spirit Airlines is on the brink of liquidation after failing to secure a proposed $500 million bailout from the Trump administration. The carrier has been struggling with chronic cash flow shortages, elevated jet fuel expenses, and the collapse of its previously attempted merger with JetBlue. Analysts warn that if Spirit proceeds to清算 (liquidation), it would become the first major U.S. airline to fail since 2008, jeopardizing approximately 13,000 employees. The disappearance of Spirit's low-cost model could reduce domestic route competition and potentially drive up ticket prices across the U.S. airline industry.

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