Spirit is in dire financial straits, and experts believe its collapse could trigger shifts across the low-cost airline sector.

The demise of the low-cost carrier could have detrimental effects for airline passengers, whether or not they have ever flown on a canary yellow plane.

Despite successfully emerging from bankruptcy earlier this year, Spirit Airlines is once again facing a turbulent flight path. The budget carrier has issued a stark warning to investors, expressing “substantial doubt” about its ability to continue as a viable business due to persistent financial struggles and a difficult market.