Yes, Spirit Airlines has officially gone out of business, permanently shutting down all operations and canceling all flights effective Saturday, May 2, 2026.  Credit or Debit Card Bookings: Spirit announced that it will automatically process refunds for tickets purchased directly with a credit or debit card. However, many travel experts recommend contacting your bank immediately to file a chargeback for a faster resolution. The Florida-based budget carrier had been struggling financially for years, having filed for Chapter 11 bankruptcy twice since 2024.

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