The airline listed its estimated assets and liabilities in the range of $1 billion to $10 billion each, according to a court filing on Monday.

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,

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,