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.
Spirit Airlines
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How the airline industry could be impacted if Spirit Airlines is liquidated
Spirit has not confirmed a liquidation, though it has filed for bankruptcy protection twice. Experts predict rising fuel costs could push the company to close its doors for good.
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Spirit Airlines files for bankruptcy for 2nd time in less than a year
The budget carrier filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization. The airline said it plans to keep flying as usual during the restructuring process.
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Spirit Airlines files for bankruptcy protection but plans to keep flying
Spirit Airlines says it will continue flying as it files for Chapter 11 bankruptcy protection. Monday’s announcement follows years of losses and a failed merger attempt for the low-cost carrier.
