Spirit Airlines is set to announce in the coming hours that that it will halt flying as of 3 am ET Saturday, according to two sources familiar with its plans, making it the first significant US airline to halt operations in nearly 25 years.

Talks with bondholders for a government bailout this week failed to yield a deal.

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.

Donald Trump says Spirit Airlines was given a final bailout proposal amid reports the carrier plans to shut down.

The low-cost carrier, which had been struggling for years, announced it will cease operations. Spirit had been seeking a $500 million lifeline from the White House, but talks failed to yield a deal.

The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.

Talks between the Trump administration and Spirit Aviation Holdings Inc. have ended without a deal being reached to rescue the beleaguered airline, according to people familiar with the matter.