When you buy a plane ticket for an upcoming trip, you may have concerns about standing in long TSA security lines or facing flight delays — but you usually don’t have to worry about your airline shutting down.
Spirit Airlines is preparing to shut down after a $500 million government rescue deal fell apart, according to reports on Friday by the Wall Street Journal and the New York Times.
The budget-friendly carrier made headlines in April after approaching liquidation amid ongoing financial issues. With summer travel season approaching, many passengers may be wondering: What actually happens to your ticket if the airline goes under?
Here’s a closer look at what Spirit travelers should know and how anyone can protect…