Why it matters
Affects 2 airline programs (JetBlue, Spirit Airlines). Relevant for Accor Live Limitless elites and award redeemers.
What happened
Bloomberg reports that Spirit Airlines could liquidate as early as this week, according to people familiar with the matter. The ultra-low-cost carrier is currently in Chapter 11 bankruptcy (its second in a couple of years). This news counters the narrative from mid-March 2026 that Spirit planned to emerge from bankruptcy in the coming months. The company has lost billions since the pandemic start and faced a failed merger with JetBlue. High oil prices and a turnaround plan focused on shrinking to profitability are cited as factors. While liquidation is not guaranteed, the report suggests it is imminent
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