Spirit Airlines is preparing to shut down within days as a $500 million government bailout falters. - The airline operates dozens of daily flights from LAX, Burbank, and John Wayne Airport.
- Jet fuel prices have doubled due to the U.S. war with Iran, causing severe financial strain.
- President Trump said a decision on the bailout will be announced Friday or Saturday. - Travelers are urged to make backup plans and consider travel insurance.
If no deal is reached, Spirit will likely liquidate, leaving ticket holders with limited recourse.