Others are more confident in their outlook. "This is a prepackaged Chapter 11 bankruptcy filing, which means there will be a reorganization, vs. Chapter 7 bankruptcy filing, which meant they would've had to shut down," Chris Dane, former managing director for American Airlines and current president and managing partner at Hickory Global Partners, told Newsweek. "For people who have booked with Spirit in the coming future, they should have no worries at this time."