The international airlines industry has been struggling since the Covid-19 stalled air travel beginning in 2020 with dozens of air carriers filing for bankruptcy since the pandemic began. In addition to Covid,

Spirit Airlines is reportedly planning to file for bankruptcy following the collapse of a proposed merger with Frontier Airlines that sent its stock into rapid decline.

Spirit Airlines is on the brink of filing for Chapter 11 bankruptcy protection following the collapse of its merger talks with Frontier Airlines. With more than $3 billion in debt, Spirit is negotiating with bondholders for a restructuring plan that could allow it to continue operations under bankruptcy protection.