Spirit Airlines 'may liquidate in days' – it operates hundreds of flights daily

Spirit Airlines 'may liquidate in days' – it operates hundreds of flights dailyAmerican low-cost carrier Spirit Airlines could liquidate as early as this week, according to several US outlets, as the fuel crisis sparked by the Iran war rages onCommentsNewsEliana Nunes News Reporter22:38, 16 Apr 2026Updated 22:45, 16 Apr 2026View 3 ImagesSpirit Airlines could liquidate as early as this week, according to reports (stock)(Image: AP)A major airline could liquidate as early as this week, according to several reports.‌Spirit Airlines is reportedly on the brink of liquidation as the fuel crisis sparked by the US-Israeli war on Iran puts further pressure on the budget carrier's finances, according to people familiar with the matter cited by several US outlets.‌Spirit Airlines is engaged in talks with creditors, who are exploring options including potential liquidation, sources told Bloomberg. The company has been struggling financially for some time now and filed for its second chapter 11 bankruptcy in October last year.‌The airline is said to have reached an agreement with a group of creditors just days before the US-Israeli war on Iran and Iran's subsequent chokehold on the Strait of Hormuz - through which around one fifth of the world's oil and gas exports pass.View 3 ImagesThe airline is reportedly engaged in talks with creditors (stock)(Image: Getty)READ MORE: Spain airport delays update as one group hit with longest waits over April 'change'READ MORE: British Airways 'arrival time' advice for passengers with European flightsBut the company's plans to emerge from chapter 11 bankruptcy by early summer became more challenging amid volatile oil and jet fuel prices, which more than doubled in the weeks after the war began.‌Lenders backing Spirit Airlines' revolving credit facility have objected to its restructuring plan, arguing it fails to reflect the sharp rise in the airline's operating costs, The Wall Street J...