If Spirit Airlines liquidates, it leaves many passengers in precarious positions. Here is what you need to know.
DANIA BEACH, Fla. — Spirit Airlines, one of the nation’s largest ultra-low-cost carriers, is on the brink of liquidation. Several outlets reported Friday that the carrier is preparing to “cease operations.”
The Florida-based airline has already filed for Chapter 11 bankruptcy protection twice since late 2024. The company’s latest restructuring plan was undermined by a spike in jet fuel prices linked to the United States’ ongoing war with Iran. According to Reuters, Spirit based its turnaround numbers on jet fuel costs averaging around $2.24 per gallon in…