Just when you thought the turbulence in the airline industry was settling down, Spirit Airlines has made headlines with its Chapter 11 bankruptcy filing. But before you cancel your travel plans or write off this budget carrier,

Spirit Airlines filed for bankruptcy protection on Monday after struggling with a series of losses, but travelers should not panic. The low-cost carrier, which has not reported an annual profit since 2019 and has lost more than $2.

Your tickets are still good. The airline based in south Florida says its bankruptcy reorganization will not impact passengers or employees.