- Spirit Airlines has permanently shut down after failed federal bailout talks, cancelling all flights effective immediately — passengers should not go to the airport
- Skyrocketing fuel prices dealt the fatal blow, leaving the company unable to secure the hundreds of millions needed to stay afloat
- Passengers who paid by credit or debit card will receive automatic refunds; voucher and Free Spirit points holders will have compensation determined through bankruptcy court
- For updates, visit spiritrestructuring.com
DANIA BEACH, FL – Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC has shut down after failed talks at a bailout with the federal government.
All Spirit flights have been cancelled, and Spirit Guests should not go to the airport. The shutdown follows the Company’s extensive and comprehensive efforts to restructure the business and pursue transactions to strengthen Spirit’s financial position and create a sustainable path forward.
Despite the Company’s efforts, the recent material increase in oil prices and other pressures on the business have significantly impacted Spirit’s financial outlook. With no additional funding available to the Company, Spirit said they had no choice but to begin this wind-down.
“For more than 30 years, Spirit Airlines has played a pioneering role in making travel more accessible and bringing people together while driving affordability across the industry,” said Dave Davis, Spirit’s President and Chief Executive Officer.
“In March 2026, we reached an agreement with our bondholders on a restructuring plan that would have allowed us to emerge as a go-forward business. However, the sudden and sustained rise in fuel prices in recent weeks ultimately has left us with no alternative but to pursue an orderly wind-down of the Company. Sustaining the business required hundreds of millions of additional dollars of liquidity that Spirit simply does not have and could not procure. This is tremendously disappointing and not the outcome any of us wanted.”
He continued, “We are grateful to our relentless Spirit team for their tremendous effort during our restructuring,” Davis added. “They have tirelessly provided a safe, affordable and award-winning option to
the traveling public.”
Spirit will automatically process refunds for any flights purchased through Spirit with a credit or debit card to the original form of payment. Guests who booked flights via a travel agent should contact the travel agent directly to request a refund. Compensation for Guests who booked flights using any other methods, including a voucher, credit or Free Spirit points, will be determined at a later date through the bankruptcy process.
Guests can visit https://spiritrestructuring.com for more information about Spirit’s wind-down process.
About me: Hello my name is Carlos Hernandez and I am a writer and journalist with over 15 years of experience. I write the food and travel blog Carlos Eats (https://www.carloseats.com) and also contribute to several newspapers and magazines on numerous topics.
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