Spirit Airlines faces liquidation risk as trustee challenges second Chapter 11 exit amid Iran-war jet fuel spike
Spirit Aviation Holdings is reportedly at risk of liquidation after rising jet fuel prices—linked to the US war with Iran—further strain the ultra-low-cost carrier’s already tight finances. Spirit seeks to exit Chapter 11 for a second time, but the bankruptcy trustee says the carrier has not explained why the first restructuring failed or why creditors should trust the new plan.