Spirit's bankruptcy won't impact holiday travelers, experts say. But frequent flyers and routes could be impacted next year [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
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Source: Yahoo! Finance
However, frequent flyers and routes may be affected next year as the airline makes changes to its business model. Experts say that Spirit's low-cost model has pushed competitors to offer cheaper options, and its survival is important for keeping fares low. While travelers shouldn't worry about immediate impacts, they may want to be cautious when booking future flights with Spirit due to the uncertainty surrounding its restructuring process. If you planned on traveling aboard Spirit Airlines for the holidays, which filed for bankruptcy Monday, you shouldn't worry. Spirit plans to operate business as usual as it begins to work on its $3.1 billion in long-term debt, according to previous regulatory filings “Guests can continue to book and fly without interruption and can use all tickets, credits and loyalty points as normal,” the airline said in a release. Of course, that could change in the coming months. Historically, airlines or other firms that go bankrupt make major changes
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- What does the Spirit Airlines bankruptcy mean for airfares? Experts weigh in. [Yahoo! Finance]Yahoo! Finance
- How Spirit Airlines' Bankruptcy Filing Will Affect Holiday Flights [Yahoo! Finance]Yahoo! Finance
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