Spirit Airlines has announced it will permanently exit five cities as it grapples with significant financial losses projected to hit $804 million in 2025. This decision comes on the heels of the airline's second bankruptcy filing in less than a year, highlighting the ongoing struggles of low-cost carriers in a challenging market. The departure of key executives overseeing budget and human resources further underscores the turmoil within the company. This situation matters because it reflects broader trends in the airline industry and could impact travelers in those cities who rely on affordable flight options.