How the airline industry could be impacted if Spirit Airlines is liquidated

For the past few years, Spirit Airlines has been in trouble: It has filed for bankruptcy twice since late 2024 and had a merger with another airline blocked. Now, like all carriers, it faces rising jet fuel costs because of the ongoing war in the Middle East.

Spirit has said it plans to emerge from bankruptcy protections this summer. But experts say the rising cost of fuel due to the war in Iran could throw a wrench in those plans — and shut the company's doors for good.

Read more from NPR.