BOSTON – A popular airline that flies out of Boston’s Logan Airport is looking at a future in jeopardy.
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CBS News sources said Spirit Airlines is preparing to file bankruptcy protection. The ultra-low-cost carrier is struggling with debt, rising costs and increased competition. Since the beginning of 2020, the country has lost more than $2.5 billion due to a halt to travel during the pandemic.
In the first six months of 2024, Spirit passengers flew 2% more than the same period last year, but spent 10% less per mile. Revenue per mile from fares fell nearly 20%, contributing to the losses.
Spirit flies from Logan to 17 destinations, including Baltimore, Fort Lauderdale and Myrtle Beach.
Should travelers avoid Spirit?
As for what travelers should do, CBS News Travel Editor Peter Greenberg said it’s best to have a backup plan.
“I’m not going to tell you to book with Spirit, but what I will tell you is to hedge your bets,” Greenberg said. “Book a refundable ticket with another competing airline and if Spirit doesn’t fly, you have a plan B.”
Greenberg said booking a Spirit trip on a credit card is a safe bet. That way, if Spirit goes bankrupt, your credit card company will automatically issue you a refund.
