Spirit Airlines on Saturday announced that it shut down all operations after failing to not reach a deal for a government bailout. The Trump administration drafted a $500 million bailout plan to save Spirit from ceasing operations, a plan that several Trump allies in Congress opposed. The plan was opted in exchange for warrants to purchase up to 90 percent of the new entity, people familiar with the deal told Bloomberg . “We’re looking at trying to help them. It’s something we’re not looking to get involved with, but if we can, it’s 14,000 jobs,” President Trump told reporters at the White House on Friday. Spirit lost more than $25 billion since the start of 2020 amid the COVID-19 pandemic and faced rising operating costs and growing debt,  The Associated Press  reported. The airline filed for Chapter 11 protection in November 2024. “Spiking fuel prices from Trump’s war was the nail in the coffin for twice-bankrupted Spirit airline,” Sen.…