Spirit Airlines declared bankruptcy Monday, but your holiday travel plans shouldn’t be affected. The budget airline announced it was filing for chapter 11 bankruptcy protection in order to restructure over $1 billion worth of debt,

The budget carrier’s pivot to ultralow fares brought it success but competition, rising costs and a failed merger bid hurt the business.

Port-au-Prince bound Spirit Airlines flight forced to divert to airport in Dominican Republic after being struck by gunfire over Haiti’s capital on Monday, November 11, 2024.