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 first carrier due to a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs.
No US carrier of Spirit's size has liquidated in two decades, and the shutdown will benefit its rivals like JetBlue Airways and Frontier Airlines.
Spirit had 4,119 domestic flights scheduled between May 1 and May 15, offering 809,638 seats, according to data from aviation analytics firm Cirium.
The airline flew around 1.7 million U.S. domestic passengers in February, with a 3.9% market share, down from 5.1% last year, Cirium data showed.
Major U.S. carriers rolled out rescue-fare options for affected passengers, and the Trump administration had proposed $500 million in financing in exchange for warrants equivalent to 90% of Spirit's equity.
