Spirit Airlines is at risk of shutting down and liquidating as soon as this week, according to two reports. This could mean the end of the ultra-low-cost carrier.
Bloomberg and CNBC separately reported late Wednesday that the airline expected to run out of cash imminently as a result of surging jet fuel costs. Spirit has struggled to turn a profit since the start of the COVID-19 pandemic in 2020, and it has filed for bankruptcy twice since late 2024, most recently in August.
"We don't comment on market rumors and speculation," a spokesperson for Spirit told TPG.
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