As Spirit Airlines is unable to secure any additional financing channels, it has no choice but to officially initiate business liquidation procedures.

The airline once renowned for ultra-low-priced tickets has ultimately ceased operations due to depleted funds. According to the company's statement, all financing negotiations have failed, and existing capital can no longer support normal operations. Effective immediately, Spirit Airlines will gradually reduce its flight schedule and begin the process of liquidating its assets. This liquidation will entail comprehensive adjustments, including the airline's route network, aircraft leasing contracts, and employee placement. Industry insiders point out that the airline sector’s high fixed costs and fierce price competition make it difficult for carriers with weak cash flow to withstand market fluctuations. The withdrawal of Spirit Airlines signals that the U.S. low-cost aviation market may be entering a new round of reshuffling.