Spirit Airlines announced its intentions to continue flying despite filing for a “prearranged” Chapter 11 bankruptcy protection that helps them stay in business, stated a press release. The bankruptcy filing comes after the agency faced sweeping losses and immense debt,

Years of losses and two failed mergers have caused the ultra-low-cost carrier’s stock price to tumble 92% in the past year. But Spirit says it will bounce back.

Whether you fly with Spirit or you don’t, the airline’s recent Chapter 11 bankruptcy filing indicates larger shifts in travelers’ attitudes toward budget flights. In short, cheaper isn’t always better.