Doug Sanborn (Ralph Bellamy) runs a small charter company based at a regional airport. His daughter, Kitty (Suzanne Pleshette), a young female pilot wants to be in the Unlimited class at the air races but her male friends stymie her ambitions. Her former boyfriend Taff Malloy (James Farentino) has recently come back from the US Navy and a stint as a pilot in Vietnam. Now married to Lisa (Juliet Mills), a tragic accident on their honeymoon, results in his wife's death.
With Lisa's recent death, Kitty tries to console Taff but he is distraught and rebuffs her. In frustration, she seeks out Taff's rival, bad-boy pilot Hal Random (Jeremy Slate) and runs off with him. When her father and other male friends find out about the affair, they berate Kitty and make her feel so bad she wants to kill herself.
Flying her North American P-51 Mustang racing aircraft with the intention of crashing it, Kitty is followed by Taff in his Grumman F8F Bearcat, who tries to talk her out of it. His soothing words finally make an impression and help to bring Kitty back safely.
Film historians Jack Hardwick and Ed Schnepf in their listing of "A Viewer's Guide to Aviation Movies", dismissed Wings of Fire as, "This is it! Our nomination for the worst air movie ever made ... Sicky story of woman pilot and returned veteran with a hangup. One P-51D and one Bearcat, that's all.[7] In a similar review, aviation film historian Stephen Pendo considered Wings of Fire, "... below-average."[8]