05/03/2026
Major US aviation disruptions peaked on May 2, 2026, as Spirit Airlines officially ceased all operations. Spirit Airlines: Permanent ShutdownSpirit Airlines began an immediate, orderly wind-down of all operations at 3:00 AM ET on Saturday, May 2, 2026, after 34 years in service.Immediate Impact: Every scheduled Spirit flight has been canceled. Passengers are instructed not to go to the airport, as customer service is no longer available.Cause of Collapse: The airline, which was already in its second bankruptcy, was pushed to insolvency by a surge in jet fuel prices (nearly doubling to $4.88 per gallon) following the conflict in Iran.Failed Bailout: A final attempt at a $500 million government rescue package collapsed on May 1 when bondholders and the Trump administration failed to reach an agreement.Refunds: Travelers who booked directly with credit/debit cards are advised to initiate a chargeback with their bank for a refund.