Spirit Airlines has officially shut down overnight, canceling all flights and leaving thousands of travelers stranded. After years of financial struggles, rising fuel costs, and a failed government bailout, the ultra-low-cost carrier is out of business.

In this episode, we break down:

• Why Spirit collapsed so suddenly
• The failed $500 million bailout attempt
• The impact on travelers and workers
• What this means for airline prices moving forward

This is bigger than just one airline — this could change the entire travel industry.