Spirit Airlines is trying to convince customers (and future customers) that its bankruptcy filing is actually a good thing and that they should continue to book flights. The long expected application for creditor protection happened early Monday in New York and the airline pitched it as a way to "reduce our total debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments providing Guests with enhanced travel experiences and greater value.”
Spirit provides some competitive pricing, which might help keep the Big Guys’ costs a bit lower. If they disappear, my guess this will allow current fares to increase.