A large airline is seeking bankruptcy protection.

According to sources, a US airline is currently in the process of making preparations to file for bankruptcy, which is causing concern for potential travel disruptions during the upcoming holiday season.
The airline in question, Spirit Airlines, has been engaged in discussions with bondholders and is expected to seek bankruptcy protection in the next few weeks, as reported by The Wall Street Journal on Tuesday.
This potential bankruptcy announcement follows the breakdown of negotiations with Frontier Airlines, another ultra low-cost carrier, on a possible merger between the two companies.
Although Spirit was also in talks with Frontier about resuming merger talks, sources have revealed that Frontier has decided not to pursue this option in the foreseeable future.
It should be noted that Spirit had previously turned down a takeover offer from JetBlue, in favor of pursuing a merger with Frontier.
This news about the possibility of bankruptcy comes just a day after a Spirit flight was caught in the crossfire of a gang shooting while attempting to land in Port-au-Prince, Haiti.

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