Spirit Airlines Liquidation Risk Rises

Creditors are expressing growing concern over Spirit's ability to make debt payments or return to a path of profitability.

The price of jet fuel has nearly doubled this year, pulling the ladder away from the airline's attempt to restructure its operations.

If the company is forced to liquidate, it would mark the end of an iconic low-cost brand that has become a household name in the United States.

Industry analysts suggest that Spirit could begin the process of shutting down as early as this week, potentially leaving thousands of travelers and employees in limbo.