Spirit Airlines faces liquidation

The airline's financial situation has become critical following the failure of its merger with JetBlue and the ongoing energy crisis sparked by the war in Iran.

Spirit has already gone through two bankruptcies in the past year and has been unable to secure the stable fuel costs required for its business model.

Industry analysts warn that the loss of Spirit would significantly reduce competition in the budget travel sector.

Passengers are being advised to monitor their flight status closely as the company's future remains in the balance.