AXIOS (Nathan Bomey) - Spirit Airlines shuts down after two bankruptcies and a failed rescue plan
Spirit Airlines is going out of business, canceling all of its flights and stranding current travelers — marking the end of the runway for a company that offered cheap flights to America's budget travelers. Why it matters: The company's demise — which comes after two bankruptcies and a failed attempt to secure a government bailout — marks the first death of a major U.S. airline in decades. Zoom in: Spirit — which has about 17,000 employees and contractors — announced early Saturday that it will immediately wind down. - The company said passengers who booked flights with credit cards or debit cards will automatically get refunds. - "Guests who booked flights via a travel agent should contact the travel agent directly to…