"Fuel costs could be the dagger to Spirit, right? I would be incredibly sad to see the loss of Spirit, and not even because I like to fly Spirit and, you know, it has- they've rebranded. It's much better. But Spirit's existence keeps every other airline in check."
"Typically, when airlines liquidate, they immediately cease operations, which is unsettling news to those who may have upcoming flights booked."
"The credit card companies will end up being the ones who foot the bill or kind of help you out with getting that refund if Spirit were to liquidate, you know, through chargebacks and things like that."
Spirit Airlines is reportedly on the brink of shutting down as it grapples with bankruptcy and soaring fuel prices linked to the war in Iran. The airline, known for its ultra-low-cost service, is currently undergoing its second bankruptcy and has announced plans to restructure. Travel expert Zach Griff warns that Spirit's closure could impact airline pricing across the industry. If Spirit ceases operations, travelers with upcoming flights may face uncertainty, but credit card companies may assist with refunds through chargebacks.
Read at ABC7 New York
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