Spirit Airlines Bankruptcy: Impact on Travelers and Future Plans

Spirit Airlines has filed for Chapter 11 bankruptcy protection to reorganize its finances amid $3.8 billion in debt, following failed acquisition attempts by JetBlue and Frontier Airlines. The airline has secured an additional $300 million in financing and plans to continue operating flights as usual, aiming to emerge from bankruptcy by early 2025. Despite the financial challenges, Spirit assures passengers that tickets, credits, and loyalty points remain valid, and the majority of bondholders support the restructuring plan.