Spirit Airlines on Brink of Collapse

0:00It's April 16. This is California News Today, AI-powered stories from your city. I'm Cory with the story. Spirit airlines might be done for folks. The ultra-low-cost carrier is teetering on the edge of liquidation this week after filing for its second bankruptcy. Skyrocketing fuel prices, blamed on the war in Iran, are hitting them hard and could force a full shutdown any day now. The Florida-based airline has been pushing a comeback plan, swapping out old planes for newer ones, adding premium seats, and doubling down on busy. Routes out of Fort Lauderdale, Orlando, LaGuardia, and Newark. But those rising costs are wiping out any progress fast. Travel watchers are sounding the alarm. Losing spear with jack of fares across the board, since it keeps the big airlines honest with those rock bottom prices. No more yellow planes squeezing into spots like Terminal A at LaGuardia means less competition for everyone. If they pull the plug, flights stop cold, leaving passengers stranded.

1:01Experts say don't sweat it too much. Hit up your credit card for refunds or chargebacks, and those companies usually cover you. Word is, the clock is ticking, so check your bookings and brace for changes in the skies ahead.