Embattled Spirit Airlines could liquidate as soon as this week, according to reports by CNBC and Bloomberg.
"We don't comment on market rumors or speculation. Our operations continue as normal," the airline said in a brief statement Thursday.
CNBC's report cited anonymous sources "familiar with the matter." Bloomberg earlier published a similar report.
Fort Lauderdale-based Spirit announced before the Iran war began that it intended to emerge from Chapter 11 bankruptcy restructuring early this summer. But the subsequent surge in jet fuel costs has complicated Spirit's already tenuous financial situation.
The bankruptcy, which began last August, is the second Spirit has entered since late 2024.
In a March regulatory filing, the airline said it planned to downsize to 76 to 80 aircraft by the third quarter, compared with 214 when Spirit entered its second bankruptcy. At that time, the airline acknowledged "periods of high volatility in jet fuel costs, increased jet fuel prices and significant disruptions in the supply of jet fuel could have a material adverse impact on the company's business, financial condition, and operating results."