It’s anyone’s guess how this plays out, but there seems to be a belief among some senior executives at other US airlines that Spirit Airlines could shut down imminently… as soon as this weekend.
Essentially what’s going on here is that Spirit’s debtor-in-possession financing requires the company to come up with a reorganization plan or sale transaction by December 13, or else the company won’t receive the next $100 million in funding. This is a major step, and as of now, no plan has been filed.
At least two airlines are reportedly preparing to make arrangements to provide a schedule to backfill canceled flights, and offer rescue fares to Spirit customers are who are stranded.
A great solo travel tip spotted this week on One Mile at a Time.
