Atlantic City, NJ Fliers — Potential Really Bad News For Spirit Air

I am a huge fan and a regular Spirit Air client for more than 20 years. I don’t want this to be true.

However, confidential sources have told CNBC that Spirit Air may be forced to liquidate as soon as this week.

Spirit Air Has Twice Filed For Bankruptcy Protection

The latest challenge has been a substantial increase in fuel costs. This is their second highest customer after staffing costs.

When Spirit Air filed for bankruptcy for a second time, their goal was to emerge as early as this spring.

No Comment From Spirit Air

CNBC contacted Spirit Air for comment, which responded, "We don't comment on market rumors and speculation," Spirit Air said in a statement, according to CNBC.

When Could This Happen

A exact day that Spirit Air could begin liquidation remains unknown.

Bloomberg News earlier reported that a Spirit Air may liquidate.

This (Of Course) Would Be Very Bad News For Atlantic City Area Fliers

Spirit Air has successfully served Atlantic City area fliers for decades at Atlantic City International Airport.

Should this occur, it will be very bad news for Atlantic City fliers, as well as the entire country.

Spirit Air Was Profitable For Many Years

The COVID-19 pandemic changed everything for Spirit Air.

Also, the federal government would not approve their acquisition of JetBlue Airways, which would have helped both compete with the larger carriers.

Allegiant Air

Many believe that Allegiant Air added Atlantic City flights because of their belief that Spirit Air may be forced to fold.

We Fly Both Spirit Air & Allegiant (Photos)

SOURCE: CNBC