Spirit Airlines tells customers that its bankruptcy will not impact their travel plans. Find out why it pays to use a credit card when booking your vacation.

Spirit Airlines filed for bankruptcy protection Monday after the company struggled with a long run of quarterly losses, failed mergers and looming debt, but it plans to keep flying. Spirit's troubles deepened after the collapse of its $3.

Spirit Airlines declared bankruptcy Monday, but your holiday travel plans shouldn’t be affected. The budget airline announced it was filing for chapter 11 bankruptcy protection in order to restructure over $1 billion worth of debt,