Spirit Airlines ceased operations, marking one of the most abrupt collapses of a major U.S. airline in recent years. Airline bankruptcies are not unusual. Abrupt operational collapses of a major U.S. carrier, however, are far less common.
When Chapter 11 Runs Out of Runway: Lessons from Spirit Airlines
Spirit Airlines’ shutdown was not merely another distressed-company filing, it was a real-time illustration of the limits of Chapter 11 in industries where value depends on uninterrupted operations, customer confidence, and constant liquidity.

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