Spirit Airlines may have to sell off its assets due to the rapid increase in jet fuel prices, which has led to a financial squeeze. The airline, which emerged from bankruptcy in March 2025, is seeking court approval for its second bankruptcy exit plan in about a year. Its restructuring plan was based on fuel costs averaging $2.24 per gallon in 2026 and $2.,0919, but current jet fuel costs are already double the level assumed in its projections. If fuel costs stay at their current levels, Spirit would end up operating at a significant loss, about 20 percent below break even. The company has warned that the increase in fuel prices could have an immediate and substantial negative impact on its results and could force it to liquidate. There are currently no publicly announced plans for Spirit to shut down, although flights continue to operate as planned.