U.S. competitors are closely monitoring Spirit Airlines as it approaches a crucial bankruptcy milestone on December 13. This date has raised concerns among several airline executives about the potential shutdown of the ultra-low-cost carrier’s operations.
Predicted Bankruptcy for Spirit Airlines
At least two major airlines are preparing for the possibility of Spirit’s bankruptcy as soon as this weekend. They are accelerating plans to manage what could be a significant disruption in the air travel market.
Flight Adjustments and Customer Support
- Spirit Airlines has 428 flights scheduled for December 13.
- There are a total of 3,138 flights planned from December 13 to December 20, according to Cirium’s Diio.
- Competitors are ready to adjust their schedules to compensate for potentially canceled Spirit flights.
- They are also preparing to offer rescue fares for customers left stranded.
Individuals at other airlines, whose operations may intersect less directly with Spirit’s schedule, are also observing the situation. They believe it is unlikely that Spirit will secure the necessary funds to remain operational during this critical period.
Spirit Airlines’ Official Statement
Despite the looming concerns, a spokesperson for Spirit Airlines stated, “There is no truth to any rumors that we are preparing to cease operations. It is business as usual at Spirit, and flights continue to operate normally.”
The spokesperson emphasized that Spirit is actively working with its debtor-in-possession (DIP) providers and key stakeholders. These ongoing discussions aim to support the airline’s financial needs and future as it navigates its restructuring process.
As developments unfold, the airline industry remains alert to the implications of this pivotal moment for Spirit Airlines and its impact on air travel during a peak season.
