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,

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.

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,