Spirit Airlines faces potential liquidation as rising jet fuel prices disrupt its second bankruptcy exit in under a year. The budget carrier is currently holding critical discussions with creditors regarding its financial future.
A final decision on the airline's operations could arrive as early as this week. Spirit’s financial instability intensified following a blocked merger with JetBlue in 2024.
The company previously aimed to restructure by reducing its debt and total fleet size. High fuel costs now threaten the viability of these turnaround efforts.