The financially troubled budget airline Spirit Airlines is expected to completely halt operations beginning at 3 a.m. Saturday morning, according to two individuals with knowledge of internal company discussions who spoke to Reuters on Friday evening.
The sources, who requested anonymity due to the confidential nature of the information, indicated that Spirit’s board of directors concluded their Friday meeting without successfully negotiating a plan to save the struggling carrier from its current bankruptcy situation.
The discount airline has been operating under bankruptcy protection as it attempts to restructure its finances and operations amid mounting financial pressures in the aviation industry.
