Spirit Airlines has announced an immediate shutdown of operations after failing to secure a $500 million bailout, cancelling all flights and leaving passengers stranded. The airline said it has begun an “orderly wind-down,” with customer services also halted and refunds not guaranteed. Travellers are being advised to seek chargebacks through their banks. The collapse comes after mounting financial pressure, including rising jet fuel costs linked to the ongoing Iran conflict, which significantly increased operating expenses for airlines.

Donald Trump has rejected Iran’s latest proposal to end the ongoing conflict, citing unacceptable concessions and reinforcing a strict position on nuclear policy. Despite ongoing negotiations through mediators, the US has made it clear that any agreement must include a firm commitment from Iran to never develop nuclear weapons. Trump has described this as a non-negotiable red line. The president also warned against ending the conflict prematurely, stating that doing so could lead to renewed tensions in the future.