The discount airline may receive federal aid or cease operations this weekend. Spirit, a low-cost airline, faces potential closure due to rising fuel costs. Reports last month suggested a possible $500 million federal bailout, with the government taking a 90% stake. Facing its second bankruptcy in two years, Spirit has not yet secured the deal. President Trump mentioned ongoing considerations for a bailout, with an announcement expected soon. However, only two of Spirit’s three major creditors have signed onto the proposed aid package, and bondholders have yet to agree. Spirit, employing over 10,000 people, hasn’t updated its website or social media, though it is addressing posts online. If the airline closes, passengers are likely to receive refunds from their credit card companies; those traveling during a shutdown may need to book alternate flights. Competitors might offer “rescue fares,” providing discounted travel options. Spirit is often criticized for its minimalistic service, charging for carry-on luggage and not providing free water or snacks.
Spirited Away? Internet Reacts to Possible Airline Closure
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