Spirit Airlines, which flies out of Logan Airport in Boston, Massachusetts, and out of Manchester Boston Airport in New Hampshire, has filed for bankruptcy.

Here's what you need to know.

According to usatoday.com, JetBlue was going to buy it, but that did not go through, forcing them to file.

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Here's how your flights may be affected:

Thanksgiving flights should still be scheduled without change, however, it is possible that your Christmas or Chanukah (or any other holiday) flight could change or cancel. If it is going to be canceled, the article states that you are probably aware of that already.

Can you get your money back?

Yes, however, you must not take the alternative flights offered, if any, by the airline.

What happens to your loyalty points?

The article states that generally you can't cash them in, however, in this case, your loyalty is seen as an asset by other airlines who may want to buy Spirit, so maybe you'll be able to use them depending on the potential buyer.

Maybe We're Done With No Frills

Maybe passengers don't want absolutely no frills.  Passengers have been flying for decades expecting that it's going to be fine to bring a carry-on bag and your purse.  Not so on Spirit Airlines.  You will have to pay for that carry-on and if your purse is too big, they'll charge you for that too.  If you want a Ginger Ale, that's cost you $3.

 

So that discount flight ends up costing you the same as another airline with frills.

Some of the "why do I have to pay for this when it was free before" fees have caught on with other airlines, so Spirit isn't the only "low fare" carrier, but in my opinion, JetBlue gives an experience that makes you not mind so much.

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