Bankrupted Spirit Airlines Faces Imminent Liquidation

Bankrupted Spirit Airlines Faces Imminent Liquidation Bankrupt Spirit Airlines "could liquidate as early as this week," according to a new CNBC report. The troubled carrier, stuck in years of turbulence, has failed to emerge from its second bankruptcy in less than a year and is now being squeezed by soaring jet fuel costs. NEW: Spirit Airlines could liquidate and shut down as soon as this week, @lesliejosephs of @CNBC reports, citing “people familiar with the matter.” Latest ro...

By Tyler Durden