Spirited away? Airline, internet react to airlines possible closure
Spirit Airlines is facing a potential shutdown this weekend due to financial difficulties exacerbated by rising fuel costs. The federal government has considered a bailout, including a possible $500 million aid package for a 90% stake, but no deal has been finalized. The airline has not made an official announcement, but customers may face flight disruptions, refunds, or the loss of frequent flyer benefits if operations cease.
- ▪Spirit Airlines may cease operations this weekend due to financial strain from rising fuel costs.
- ▪The federal government has discussed a $500 million bailout for a 90% stake in Spirit, but the deal has not been confirmed.
- ▪Only two of Spirit's three major creditors have approved the proposed government aid, and bondholders have not signed off.
- ▪If Spirit shuts down, passengers may receive refunds from credit card companies and competing airlines might offer discounted rescue fares.
- ▪Spirit's frequent flyer miles are expected to become worthless if the airline ceases operations.
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Home > Life > Digital Culture Spirit'ed away? Airline, internet react to airline's possible closure The discount airline may be saved by the federal government — or it may shut down this weekend. By Neal Broverman Neal Broverman Enterprise Editor Neal joined Mashable’s Social Good team in 2024, editing and writing stories about digital culture and its effects on the environment and marginalized communities. He is the former editorial director of The Advocate and Out magazines, has contributed to the Los Angeles Times, Curbed, and Los Angeles magazine, and is a recipient of the Sarah Pettit Memorial Award for LGBTQ Journalist of the Year Award from the National Gay and Lesbian Journalists Association (NLGJA). He lives in Los Angeles with his family.
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