Spirit Airlines could begin liquidating as early as this week marking a dramatic escalation in the budget carrier's ongoing bankruptcy crisis, according to a new report.
CNBC detailed that discussions between the airline and its creditors have reached a critical stage, with lenders actively weighing whether to continue supporting the restructuring or move toward winding down the business entirely. The report said no final decision has been made, but the timeline for a potential liquidation is now measured in days rather than weeks.
