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.

JPMorgan Chase is facing a high-profile lawsuit after a former employee filed serious allegations against executive Lorna Hajdini. The complainant alleges a pattern of workplace misconduct, including harassment, intimidation, and abuse of authority over several months. The lawsuit claims that professional pressure and career-related leverage were used inappropriately. The case also includes allegations of racially insensitive remarks in the workplace. The bank has denied the claims, stating that an internal investigation found no evidence to support the allegations.