Spirit Airlines on the brink of liquidation amid fuel-cost squeeze

Spirit Airlines faces possible shutdown and liquidation as jet-fuel costs rise and it navigates bankruptcy proceedings. If liquidation occurs, customers are likely to be paid last; refunds on credit-card purchases may be available but aren’t guaranteed, and debit-card refunds are less likely. Travel insurance protections vary and often don’t cover airline insolvency for major cards, while stand-alone policies may help depending on the policy. Travelers should monitor developments, consider flexible rebooking options, and watch for any rescue fares from other carriers.