Spirit Airlines could liquidate as early as this week, according to sources close to the topic. Speaking anonymously to CNBC, they said, “the budget carrier has been struggling to regain its footing from its second bankruptcy in less than a year, but it now faces the added challenge of a spike in the price of fuel. Fuel is airlines’ biggest expense after labour”.
It is not clear when the carrier could begin liquidation, and it was not immediately clear if it would even end up taking that path.
Spirit began to suffer after the pandemic, CNBC wrote, when wages and other costs soared, customer preferences changed, and an oversupply of domestic flights drove down airfare.
CNBC also noted how pilot and flight attendant unions had made…