The major airline is on the brink of bankruptcy: They were selling the cheapest tickets.

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After the coronavirus process, the airline industry, which has not been able to overcome economic problems, is still facing bankruptcy issues. According to recent research, the transportation sector is among the most bankrupt sectors following the pandemic. During the pandemic period, when people were confined to their homes, they long abandoned travel and vacation plans.

FINANCIAL TROUBLES HAVE BEGUN

During this process, Spirit Airlines, a US-based airline that lost most of its customers, is struggling with financial difficulties.

1.1 BILLION DOLLAR BOND PAYMENT DUE

According to a report from Wall Street, the company, which is required to make a payment of 1.1 billion dollars to bondholders by October 21, is planning to negotiate with bondholders regarding its potential bankruptcy. Following the spread of bankruptcy rumors, the company's shares plummeted on the stock market.