Spirit Airlines is preparing for a potential shutdown in the United States as it struggles to secure a financial rescue, reports The Independent. The ultra-low-cost carrier is warning that it may be forced to cease operations after ongoing losses, high debt, and failed turnaround efforts. As of early 2026, the airline is actively exploring its remaining options, including restructuring or liquidation. The situation has escalated following the collapse of key recovery plans and limited access to new funding.

The airline’s difficulties come after years of financial pressure and a major setback when its planned merger with JetBlue was blocked. Spirit’s low-cost model has been increasingly challenged by rising operating costs and intensified competition. While the airline has not yet officially shut down, preparations signal that such a move is becoming more likely.