Spirit Airlines ends flights. The largest low-cost carrier in the US declares bankruptcy

The financial director of the bankrupt American low-cost airline Spirit Airlines announced that the company has no chance of restructuring and continuing its operations. The airlines ended their flights on Saturday, including: due to high fuel prices.

“After months of valiant fight for reorganization and its almost complete success, (Spirit) has no other option than to wind down its operations in an orderly manner,” the company's chief financial officer, Fred Comer, said on Monday, quoted by Reuters. “There are no longer any real paths to restructuring or further operations,” he added.

Spirit, previously the largest low-cost carrier in the U.S., ceased operations on Saturday, canceling all scheduled flights. The company went bankrupt after unsuccessful attempts to save the company, including: by the Donald Trump administration. Although Trump announced on Friday that he would make a “final offer” in this matter, according to CNN, no new offer has been made. Earlier reports mentioned a possible takeover of as much as 90 percent. shares of the company by the state for the amount of USD 500 million.

The company had been struggling with financial problems for years, undergoing restructuring twice as part of bankruptcy proceedings. Ultimately, however, it was brought down by the higher costs of aviation fuel, which increased dramatically as a result of the US and Israel's war with Iran.

On Monday, the company asked the court for permission to pay retention bonuses to its employees

The termination of the carrier's operations left thousands of ticket holders in a difficult situation. On Saturday, Transport Minister Sean Duffy announced that some other airlines announced facilities for ticket holders in the form of price limits or discounts for Spirit passengers.

From Washington Oskar Górzyński (PAP)

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