Explore the latest developments concerning Spirit’s Bankruptcy Exit.
Spirit Airlines could liquidate as early as this week, sources say
Spirit Airlines could liquidate as early as this week, according to people familiar with the matter.
They spoke on the condition of anonymity to discuss matters that had not yet been made public.
The budget carrier has been struggling to regain its footing from its second bankruptcy in less than a year, but it now faces the added challenge of a spike in the price of fuel. Fuel is airlines' biggest expense after labor.
"We don't comment on market rumors and speculation," Spirit said in a statement.
The exact day the carrier could begin liquidation â or if it would even end up taking that path â wasn't immediately clear. Bloomberg earlier reported on the potential liquidation.
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