Spirit Airlines Bankruptcy: Dec. 13 Funding Deadline Fuels Shutdown Fears as American Airlines Expands at Chicago O’Hare
Spirit Airlines faces a key Chapter 11 funding deadline today, with access to $100 million in DIP financing at stake. Rival airlines are preparing contingency plans for a possible Spirit shutdown, while Spirit insists operations remain normal. American Airlines has bought Spirit’s O’Hare gates and joined the bankruptcy docket. Hundreds of Spirit flights are scheduled during the peak holiday period.