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Live from NPR News in Washington, I'm Windsor Johnston.
Spirit Airlines is shutting down operations and has canceled all flights effective immediately.
The sudden collapse of the low-cost carrier could ripple across the industry.
Travel expert Katie Nastro says even a smaller airline like Spirit played a big role in keeping ticket prices low.
It really can impact the markets that Spirit operates in.
Even though Spirit is a smaller airline, smaller airlines put pricing pressure on these larger carriers,
so they help to keep cheap flights in the market.
A proposed $500 million federal bailout effort fell through, leaving the airline without enough support to continue.
The shutdown comes as soaring jet fuel costs driven by the war in Iran puts additional pressure
on the airline industry as a whole.
The announcement made overnight has left thousands of passengers scrambling to make other travel arrangements.
President Trump delivered a campaign-style speech to senior citizens in Florida last night.
NPR's Franco Ordonez reports on his efforts to tout the economy and his domestic accomplishments
ahead of this year's midterm elections.