Spirit Airlines has struggled since the COVID-19 pandemic, accumulating over $2.5 billion in losses while operational costs rise and competition intensifies.
Bankruptcy proceedings aim to restructure Spirit and stabilize finances. Customers can still book flights and use loyalty points during this process.
Sarah Foss notes the importance of reassuring customers during bankruptcy, stating some may hesitate to book with Spirit over potentially more stable airlines.
As long as Spirit can secure a deal with lenders, loyalty programs, including 34.3 billion frequent flyer miles, should remain unaffected.
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