Spirit Airlines Faces Bankruptcy — US Travelers Affected

The most frequented low-cost airline in the United States is on the verge of declaring bankruptcy, leaving millions of travelers in the U.S. to seek alternative flights. Spirit Airlines is allegedly gearing up for a second Chapter 11 bankruptcy application as the rising costs of jet fuel due to the Iran conflict jeopardize its budget-friendly business strategy. Since the commencement of the war, jet fuel prices have surged by 95 percent. Operating approximately 200 planes and serving millions of passengers annually, the potential downfall of Spirit could result in a loss of routes or their takeover by larger airlines, which would impose significantly increased fares. Here’s what passengers with upcoming bookings must do immediately.