Spirit Aviation Holdings Stock Wipeout Nears as Spirit Airlines Shutdown Turns to Asset Sale
Spirit Aviation Holdings filed to wind down operations and sell assets after Spirit Airlines halted all flights Saturday. The company told the SEC it would stop regular reporting and advised customers not to go to airports. JetBlue and Frontier moved to fill the gap, with JetBlue adding service from Fort Lauderdale. Spirit cited high fuel prices and lack of funding as reasons for collapse.