• Spirit Airlines filed for bankruptcy in August, its second filing in a year. • The budget airline has been cutting routes and jobs as it seeks to emerge leaner. • Travelers may see fewer low-cost flight options and higher prices from competing airlines.

Spirit Airlines' financial tailspin has been shaking up air travel for budget-conscious fliers — and more turbulence is ahead.

The Florida-headquartered air carrier known for its no-frills flying and ultra-low-cost fares has filed for Chapter 11 bankruptcy protection twice in less than a year amid a tough market for budget airlines.

Throughout the restructuring process, Spirit has cut jobs, downsized operations, and axed a slew of routes, with more to come — leaving travelers with fewer affordable options to fly as the busy holiday

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