Spirit Airlines shutting down after failed effort at government rescue deal

Spirit Airlines announced early Saturday morning that it is ceasing operations after the budget carrier failed to secure a $500 million federal bailout . Spirit Aviation Holdings, the airline's parent company, said in a news release that it "regretfully announced" that it had "started an orderly wind-down of operations, effective immediately." "All Spirit flights have been cancelled, and Spirit Guests should not go to the airport," the airline said. …