Image Credit: Getty Images After roughly two years of bankruptcy filings and financial strain, Spirit Airlines officially shut down on May 2, 2026. The popular low-cost airline has previously been in the running to merge with JetBlue Airlines, but after that fell through, Spirit closed its doors and canceled countless flights. Below, learn what the final nail in the coffin for Spirit Airlines was and what else we know about its shutdown - including what you can do if your flight has been canceled. Is Spirit Airlines Going Out of a Business? Yes.