Major Airline Serving NJ Airports Could Liquidate: Reports

A major airline carrier that many New Jersey residents use to travel is considering liquidation, according to multiple reports.

Spirit Airlines is in the process of recovering from its second bankruptcy, but is now facing new challenges due to fuel costs, according to CNBC.

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Bloomberg first reported on Wednesday that the Florida-based low-cost airline could liquidate in the coming days.

In a statement to ABC News, Spirit Airlines said the company "[does not] comment on market rumors and speculation."

Spirit Airlines flies out of Newark Liberty International Airport and Atlantic City International Airport in New Jersey, according to their website, though they also fly out of LaGuardia Airport in NY, which many New Jerseyans use as well.

The airline is known for flying to several vacation destinations, including Myrtle Beach, Fort Lauderdale, Tampa, and Orlando.

CNBC also reported that Spirit's low-cost competitors recently added flights to some of its primary destinations, creating additional financial implications for the airline.

The company has declared bankruptcy twice since 2024.

In April, Spirit was given WalletHub's "Best Airlines" top ranking for the third year in a row.

In 2025, USA TODAY's 10 Best Readers' Choice Awards included Spirit in its Best Frequent Flier Program and Best Airline Credit Card rankings.

This article contains reporting from Patch Editor Eric Heyl.