Part 9/10:
The blocking of the merger exacerbated Spirit's declining fortunes, leading to a plummeting stock price and significant financial instability. Despite attempts to restructure, Spirit filed for bankruptcy protection just ten months later.
Conclusion: The Future of Spirit Airlines
As of now, Spirit Airlines continues to operate while seeking to restructure its debts, but the outlook appears bleak. Given the structural issues in its business model and increasing competition from both traditional and budget airlines, the possibility of recovery remains highly uncertain. The most likely outcome may be the liquidation of its assets, including its fleet, igniting a new competitive wave in the airline market.